A new book, What Is Driving Foreign Exchange Rates Now?, co-authored by 4 economists at Mitsubishi UFJ Research & Consulting, has been published, with comments from the authors and book information released.
The book seeks to explain modern foreign exchange movements not only through textbook theory, but also in light of daily news and changes in the global economy and global politics. The authors describe themselves as serving as a bridge between theory and reality, presenting a new way of interpreting foreign exchange markets from the perspective of economists with practical, on-the-ground experience.
The book information states that the title is What Is Driving Foreign Exchange Rates Now?, the authors are Kobayashi Shinichiro (小林真一郎), Tsuchida Yosuke (土田陽介), Fujita Jumpei (藤田隼平) and Maruyama Kenta (丸山健太), and the publisher is 株式会社近代セールス社. It is scheduled for publication in September 2026, with a list price of ¥1,980 (¥1,800 before tax + 10% consumption tax), and will be sold at bookstores nationwide and through online stores.
The authors’ comments emphasize the role of think-tank economists in organizing and analyzing developments in the real economy and financial markets and examining the relationship between theory and reality. They state that, in recent years, more phenomena have emerged that are difficult to explain using textbook theory alone.
The table of contents covers a broad range of topics, including how to interpret the dollar exchange rate, its historical background, the characteristics of currencies other than the dollar, and their relationship with financial product prices. The book is structured to explore the fundamental drivers of the dollar-yen exchange rate from both historical and contemporary perspectives.
The author profiles provide the careers, areas of expertise and professional activities of the 4 researchers, and explain the book’s aim of combining practical analysis of foreign exchange trends with an academic perspective.