【Yen surges into ¥154 range for first time in six months】Economist Suehiro Toru (末廣徹)／Bessent (ベッセント) makes “ongoing interventions” in currencies, bonds and domestic politics／Aim may be to “avoid stagnation in the U.S. economy”／What “growth” means as senior U.S. officials unanimously advocate it／Further yen appreciation depends on “dollar policy”

The yen surged in the foreign exchange market, reaching the ¥154 range for the first time in approximately six months. This followed a near-¥2 jump in the yen a short while ago, heightening awareness of the influence of external factors.

Remarks by U.S. Treasury Secretary Bessent (ベッセント) were reported as signaling a willingness to intervene not only in foreign exchange and government bonds but also in domestic politics. Suehiro Toru (末廣徹) interprets the background to the ongoing interventions as concern over prolonged economic stagnation.

In response, Suehiro (末廣) considers the yen’s future trajectory and the impact of the U.S. policy stance on markets. Attention is also focused on the direction of the successive interventions and key events scheduled for this week.

The program examined the continuity of the interventions, the relationship between strong employment data and interest-rate hikes, and the yen’s future course after its sharp rise as discussion topics.