{"id":4475,"date":"2023-09-22T13:43:52","date_gmt":"2023-09-22T11:43:52","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4475"},"modified":"2023-09-22T13:43:52","modified_gmt":"2023-09-22T11:43:52","slug":"japan-still-relies-on-us-for-monetary-policy","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4475","title":{"rendered":"Japan still relies on US for monetary policy"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">The value of the yen fell to a record low, according to the Bank for International Settlements (BIS).<\/p>\n<p>However, while this downturn is worrying for the government, Japan still seems to wait for the US to come and solve this.<\/p>\n<p>Japan\u2019s top currency official Masato Kanda said he is in very close contact with his counterparts in the US on a daily basis about this issue and both sides agree that excessive currency moves are unwelcome.<\/p>\n<p>Basically, they\u2019re going to do nothing for the time being.<\/p>\n<p>But is it actually the best for Japan?<\/p>\n<p>Amid accelerating inflation, pressure to service huge government debt and a looming recession in US\u2019s own economy, it remains to be seen whether the US is acting in Japan&#8217;s best interest.<\/p>\n<p>It is worth noting that the US is in dire need of continued borrowing to somehow delay the impending economic chaos amid of countries worldwide reducing or completely halting their purchases of US Treasuries.<\/p>\n<p>The yen&#8217;s value against the dollar on the spot market has fallen about 12% this year. For now it is the worst performance among the currency\u2019s peers in the G10.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The value of the yen fell to a record low, according to the Bank for International Settlements (BIS). However, while this downturn is worrying for the government, Japan still seems to wait for the US to come and solve this. Japan\u2019s top currency official Masato Kanda said he is in very close contact with his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4475"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4476"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}