As speculation grows that the BOJ may consider a rate hike in September, 2 reasons and key investment-environment issues have been organized as factors for assessing when the yen's depreciation may end.
Amid discussion of the possibility that the BOJ may hike rates in September, 2 factors have been presented as reasons why the yen's depreciation may continue. Relatedly, the elements that influence movements in the dollar-yen exchange rate are examined.
It has been pointed out that even if the BOJ does raise rates, the yen may not move toward appreciation, with the movement of the “true driver” described as the central force behind foreign-exchange markets. Market participants are said to need to pay attention to these points.
The Korean won's depreciation is cited as a development that cannot be explained solely by the BOJ's actions, providing evidence for understanding the broader structure of foreign-exchange markets.
Several other investment-environment issues are also addressed, including trends in semiconductor stocks and the assessment of corporate value, alongside themes related to equities, bonds, interest rates and financing.