Discussion is expanding in the Yahoo! News comments section about the relationship between the U.S.-Japan interest rate differential and the yen's depreciation, as well as the limits of Japan's monetary policy. Several views suggest that the yen's depreciation will be difficult to halt unless the interest rate differential narrows, making it difficult for Japan to correct the situation on its own.
A Yahoo! News feature reports that discussion in its comments section about the yen's depreciation and the U.S.-Japan interest rate differential has intensified. U.S. interest rate policy and the interest rate differential are cited as the main factors, with the view expressed that it is difficult for Japan to correct the yen's depreciation on its own.
Some comments point out that yen depreciation pressure could persist even if the Bank of Japan proceeds with rate hikes, as long as the U.S. Federal Reserve continues raising rates. Others say that the market's assessment will be affected by how committed Japan is to its monetary policy.
Other views hold that foreign exchange intervention and rate hikes have limitations as means of correcting the yen's depreciation, and that their effects on the economy, prices and the government bond market should also be taken into account.