IMF attributes Japan's yen decline to interest-rate differentials.

The International Monetary Fund (IMF) attributes Japan's yen declines, around 9% against the dollar this year, to interest-rate differentials between Japan and the United States. The yen's depreciation, mainly driven by rate disparities, is being monitored by the IMF. Japan's authorities are committed to a flexible exchange-rate regime and have agreed to closely consult with the U.S. and South Korea on foreign exchange markets amid concerns over recent currency declines.

April 18, 2024
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