Akio Yamaguchi (山口 明夫), representative executive of the Japan Association of Corporate Executives, pointed out that the interest-rate differential with the United States could affect exchange rates and said the yield on 10-year Japanese government bonds had temporarily risen into the 3% range on 1 September.
At a press conference, Akio Yamaguchi (山口 明夫), representative executive of the Japan Association of Corporate Executives, said the interest-rate differential with the United States would affect exchange rates. He indicated that he would closely monitor the yen's movement going forward.
The remarks reflected the view that the interest-rate differential with the United States would feed through to exchange rates, and indicated an intention to monitor developments in the yen. He also referred to the yield on 10-year Japanese government bonds temporarily rising into the 3% range.
The article contains no detailed figures or specific measures for the future, so confirmation from additional sources is awaited.