Former Bank of Japan Governor Haruhiko Kuroda says yen depreciation is only temporary

Former Bank of Japan Governor Haruhiko Kuroda said on Thursday that he believed the yen\’s depreciation was only a temporary phenomenon and that a weaker local currency would help boost the performance of the country\’s multinational companies.

Former Bank of Japan Governor Haruhiko Kuroda said on Thursday that he believes the depreciation of the yen is only a temporary phenomenon. Moreover, the weakening of the local currency will help boost the performance of the country\’s multinational companies.
Will the devaluation of the yen be temporary? I think so. But people may have different views.
If so, the current Japanese stock prices are somewhat inflated due to the temporary depreciation of the yen. Kuroda Haruhiko said.
Before Kuroda spoke, Japan may have intervened in the yen for the second time this week.
\”I am confident that monetary policy will normalize in a very cautious manner,\” he said on Thursday.

Like (0)
Previous May 7, 2024 4:02 pm
Next May 7, 2024 4:02 pm

Related posts

  • Another big signal appears! The latest exposure of Linyuan’s buying stocks…

    Source: Original Market Number of Securities Market Weekly Today\’s market conditions of this publication continue yesterday\’s steady counterattack style. However, the sector gain list has been replaced by a wave of \”new faces\”. However, today\’s capital flow is not without direction, and It focuses on blue-chip stocks during the intensive performance disclosure window period… Linyuan Investment, a well-known investment institution that has not been seen for a long time, also has new layout dynamics, and the underlying stock is also a blue-chip stock. li Chemicals, pharmaceuticals, home furnishings, etc. lead the gains. Performance factors \”thread the needle\” Entering the overlapping and intensive disclosure window period of last year\’s annual report and this year\’s first quarter report, funds\’ attention to performance is entering a \”white-hot\” state. Some \”flaws\” of listed companies may be magnified by the market and vote with their feet. In contrast, the alpha of some blue-chip stocks may be driven up. On the surface, there is no obvious pattern in today\’s market, such as chemicals, medicine, real estate, household products, building materials, automobiles, etc., there are both resource stocks…

    stock index April 25, 2024
  • Ruifeng New Materials (300910.SZ): Net profit in the first quarter was 153 million yuan, a year-on-year increase of 57.77%

    Gelonghui April 25 | Ruifeng New Materials (300910.SZ) announced the first quarter report of 2024. The operating income during the reporting period was 714 million yuan, a year-on-year increase of 14.41%; the net profit attributable to shareholders of the listed company was 153 million yuan, a year-on-year increase of 153 million yuan. An increase of 57.77%; the net profit attributable to shareholders of listed companies after excluding non-recurring gains and losses was 146 million yuan, a year-on-year increase of 65.96%; basic earnings per share was 0.53 yuan.

    stock index April 25, 2024
  • Cash at equity MFs sees an uptick

    Cash levels for equity mutual funds have seen an uptick in the past few months amid lofty valuations.

    stock index May 23, 2024
  • There’s some good news for Treasury traders suffering from the Fed rate waiting game

    For bond traders languishing in the waiting game on Fed rate policy, there could soon be some welcome support.

    stock index May 27, 2024
  • U.S. CPI fell as expected in April, as bets on Fed rate cuts increase

    The annual rate of U.S. CPI before seasonally adjustment in April was 3.4%, expected to be 3.40%, and the previous value was 3.50%; the monthly rate of U.S. CPI after seasonally adjustment in April was 0.3%, and the expected rate was 0.40%, and the previous value was 0.40%

    stock index May 15, 2024
  • Hyundai and Kia plan to launch electric cars produced in India next year

    South Korea\’s Hyundai Motor Group plans to launch its first Indian-made electric car in 2025, hoping to expand its influence in the emerging market dominated by Tata Motors. Hyundai will start producing electric vehicles in India by the end of 2024 and launch them in 2025 alongside Kia\’s electric vehicles produced in India, the group said in a statement on Thursday, adding that five models will be launched by 2030. models. Both brands said earlier this month that they would use batteries produced by Exide Energy Solutions to power their electric vehicles. Hyundai Motor also reiterated its goal of achieving annual production of 1 million vehicles by 2025 and said it would expand Kia\’s production capacity from the current approximately 300,000 vehicles to 432,000 vehicles. The combined production capacity will increase to 1.5 million vehicles.

    stock index April 25, 2024