- The US dollar is surging against all major currencies except the Russian rouble and the Swiss franc.
- Kuroda’s term as BoJ Governor will end in the spring and his successor may well tweak policy settings, but drastic change is unlikely.
- It is only a matter of time before the US’s currency-driven loss of competitiveness becomes a hot political issue.
Currency Crunch: Get Ready For a Stronger Yen
(Sep 22) Peter Tasker considers the implications for Japan’s economy of this year’s weakness of the Yen against the US Dollar and what may happen next given how far this exchange rate has deviated from its theoretical purchasing parity.