--- title: "The weakness of the yen has touched a nerve in the government! Japan's Finance Minister sends a strong signal: closely monitoring the foreign exchange market and will communicate closely with the United States" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/277151933.md" description: "Japan's Finance Minister Shunichi Suzuki stated that the government remains highly vigilant about the depreciation of the yen and maintains close communication with the United States. She emphasized that they will closely monitor exchange rate fluctuations to prevent them from driving up import costs and affecting wage growth. Although Prime Minister Fumio Kishida is pushing for a shift in fiscal policy to promote growth, concerns about Japan's debt burden are intensifying, which may lead to further depreciation of the yen. At the same time, there are differences in the direction of central bank policy, with some members calling for continued interest rate hikes to address inflation risks" datetime: "2026-02-27T06:41:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277151933.md) - [en](https://longbridge.com/en/news/277151933.md) - [zh-HK](https://longbridge.com/zh-HK/news/277151933.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/277151933.md) | [English](https://longbridge.com/en/news/277151933.md) # The weakness of the yen has touched a nerve in the government! Japan's Finance Minister sends a strong signal: closely monitoring the foreign exchange market and will communicate closely with the United States According to the Zhitong Finance APP, Japanese Finance Minister Shunichi Suzuki stated on Friday that the government remains highly vigilant regarding exchange rate fluctuations and has expressed a strong sense of urgency in closely monitoring the recent depreciation trend of the yen to the Diet. When asked whether the depreciation of the yen would hinder wage growth by pushing up import costs, Shunichi Suzuki told the Diet, "We are closely monitoring recent exchange rate trends with a high sense of urgency." She further pointed out, "We are maintaining extremely close communication with the United States and will continue to engage in dialogue to ensure that the concerns you raised do not materialize." This statement highlights the decision-makers' heightened sensitivity to the weakness of the yen—especially its impact on living costs through import prices—amid the complex backdrop of the current political landscape, fiscal policy, and central bank signals. From a political perspective, the yen has not received support. Prime Minister Fumio Kishida, who was recently re-elected with a strong mandate, is pushing for a shift in the fiscal tightening approach, proposing a multi-year investment plan and tax cuts aimed at boosting growth. Although these measures are intended to promote growth, they have also reignited market concerns about Japan's already heavy debt burden, thereby increasing term premiums. If investors demand higher returns to hold Japanese government bonds, the yen may face further depreciation pressure. Monetary policy has also become another focal point. Reports indicate that Fumio Kishida is cautious about further interest rate hikes by the Bank of Japan. His cabinet has nominated two scholars considered to be "dovish" to join the bank's policy committee, which the market interprets as an attempt to steer policy discussions towards a slower path of monetary policy normalization. As a result of this news, the yen weakened. However, the signals within the Bank of Japan are not uniformly "dovish." Policy committee member Hajime Takata, seen as one of the main hawkish voices, earlier reiterated that decision-makers should remain vigilant about the risks of inflation overshooting and should continue to gradually advance interest rate hikes. Meanwhile, Tokyo's February inflation data conveys mixed signals: the core CPI, excluding fresh food, fell to 1.8% year-on-year, but the "core-core" CPI, excluding fresh food and energy, slightly rose to 2.5%. This largely aligns with the Bank of Japan's assessment that the slowdown in inflation is only temporary, influenced by subsidies and base effects. For the market, the familiar tension remains: whenever the yen weakens, officials will strengthen verbal warnings about exchange rate intervention; yet domestic politics tends to create a loose financial environment; and within the Bank of Japan, debates are ongoing regarding the pace of interest rate hikes. This situation keeps the threat of exchange rate intervention ever-present while making the yen particularly sensitive to fluctuations in U.S. Treasury yields and changes in market expectations regarding the Bank of Japan's next actions ### 相關股票 - [Wtree Jpn Hdg Eq (DXJ.US)](https://longbridge.com/zh-HK/quote/DXJ.US.md) - [Currencyshares JPY Trust (FXY.US)](https://longbridge.com/zh-HK/quote/FXY.US.md) - [Pro Ultrshrt Yen (YCS.US)](https://longbridge.com/zh-HK/quote/YCS.US.md) - [iShares Cur H MSCI Japan (HEWJ.US)](https://longbridge.com/zh-HK/quote/HEWJ.US.md) - [Asset Management One Co., Ltd. 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