Mitsui Sumitomo: Fiscal Discipline and Interest Rate Hikes Can Curb Yen Depreciation

Mitsui Sumitomo DS Asset Management strategist Masahiro Ichikawa stated that if the Japanese government commits to fiscal discipline and maintains an appropriate pace of interest rate hikes, the depreciation of the yen will be curbed, eliminating the need for frequent intervention in the exchange rate. He pointed out that although government intervention is usually difficult to change market trends, recent interventions have been effective, successfully halting the yen's rapid decline against the dollar towards the 164 mark.

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