On 18 September, when the BOJ announced that it had raised its policy rate to around 1.25%, Nishimura Hiroyuki (西村博之) pointed to the yen’s further decline in a post on X and expressed concern about the yen’s movements, with the exchange rate reaching ¥157 per US dollar.
Businessman Nishimura Hiroyuki (西村博之), also known as Hiroyuki, referred on X on 18 September to the BOJ’s decision to raise its policy rate to around 1.25% at its monetary policy meeting.
Nishimura Hiroyuki (西村博之) posted that the yen had weakened, with the exchange rate moving from ¥155 to ¥157 per US dollar after the BOJ’s rate hike. He explained that overseas investors had expected a rate hike of around 0.5%, partly due to pressure from the United States, but that the final decision followed the expected 0.25% course.
He also wrote, “It’s pretty alarming that the yen is weakening even after a rate hike, isn’t it?”