Former top Forex official Kanda Makoto stated that Japanese authorities must correct the exchange rate trend that is severely disconnected from the fundamentals and makes it difficult for ordinary families and businesses to cope. Kanda made this remark in a speech in Tokyo, expressing that Japan's main position is to hope for a stable exchange rate trend that aligns with the fundamentals. In recent years, it has been necessary to take action because, despite the narrowing interest rate differential between Japan and other countries, the yen continues to weaken, and data clearly indicate the presence of speculative behaviors.
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前日本外汇长官神田真人:汇率走势要符合基本面
Former Japan Forex Bureau Chief Kanda Makoto: The trend of exchange rates must be consistent with the fundamentals.
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