At the US-Japan summit, President Trump reportedly expressed concern over yen weakness, a fact disclosed by the Minister of Finance. The backdrop is the US administration's policy stance ahead of the November midterm elections, and attention is focused on debate over the possibility of external pressure being brought to bear on the BOJ's rate hike decisions.
Information that US President Trump expressed concern over yen weakness at the US-Japan summit was reported through comments by the Minister of Finance.
The backdrop is the US administration's policy stance ahead of the November midterm elections. Some observers have pointed out that yen weakness could hinder efforts to reduce the trade deficit with Japan and destabilize long-term interest rates.
Market participants and policymakers increasingly believe that external pressure on debate over the BOJ's rate hikes is likely to intensify.