The Bank of Japan at the monetary policy meeting held on the 26thMaintaining the current state of monetary policyI decided on it. The negative interest rate policy was lifted at the March meeting, and the view was expressed that the accommodative financial environment continues. As interest rates are maintained low, the interest rate difference with the United States remains open,Dollars to yen up to 156 yen at one timeThe low price has been updated.
In part of the market, there was a view that 1 dollar = 155 yen was the government's “line of defense,” but the depreciation of the yen progressed to the latter half of the 156 yen range without any sign of exchange intervention. Mr. Okada Yusuke of Mitsubishi UFJ Trust and Banking said, “I thought there would be an intervention for 155 yen. At this rate, it could go as high as 160 yen,” he said.
The rapid depreciation of the yen has boosted Japanese stocks and attracted the inflow of funds from overseas into Japanese stocks. The ongoing depreciation of the yen strengthens exports, particularlyBenefiting major exporters of automobiles, electrical equipment, precision instruments, machinery, etc.It is anticipated that there is a possibility that it will result.“Advantages of the depreciation of the yen”The stocks are as follows.
If you look at the 2023 net profit rankings of Japanese listed companies,The performance of Japan's top companies has a big relationship with overseas earningsI'm doing it. In particular, $Toyota Motor(TM.US)$The automobile industry represented by...