The Japanese Government Issued A Draft Response To The Appreciation Of The Japanese Yen.
The Japanese government announced its announcement on Thursday (October 20th).
Yen Appreciation
The draft response shows that the Japanese government will jointly form a special panel with the Bank of Japan to help the yen appreciate in the light of the recent major risks to the country's economy.
The draft shows that the yen continues to appreciate unilaterally, taking into account measures such as non-traditional measures to help stabilize the international market, and will
credit
The mechanism will expand 2 trillion yen to 10 trillion yen to help enterprises purchase and buy overseas resources.
The draft pointed out that no measures to be taken against the exchange rate will be excluded and strong measures will be taken when necessary.
It is hoped that the Bank of Japan will support the economy through appropriate and decisive monetary policy, and do everything possible to ensure confidence in Japanese bonds.
Furukawa Yuanku, Japan's minister of economic and financial affairs, said in October 19th that Japan
government
We plan to complete the compilation of a series of comprehensive measures to deal with the strong yen by the end of this week.
These include improving the scale of funds to encourage enterprises to build facilities in Japan, and encouraging enterprises to make full use of the benefits brought by the strong yen.
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