A couple take a picture in a field of fireweed at the Hitachi Seaside Park in Hitachinaka, Japan, on October 22. The Japanese yen has strengthened in value in recent months despite the yield differential between US and Japanese government bonds. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why the Japanese yen’s prospects continue to be rosy and there is little policymakers can do about it

  • Neal Kimberley says worries about the US-China trade war are fuelling demand for the yen, strengthening the currency to Japanese exporters’ dismay
  • Meanwhile, China’s looser monetary policy at a time when other central banks are tightening their belts underpins the drop in the yuan’s value

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A couple take a picture in a field of fireweed at the Hitachi Seaside Park in Hitachinaka, Japan, on October 22. The Japanese yen has strengthened in value in recent months despite the yield differential between US and Japanese government bonds. Photo: Reuters
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