Japan's Investment Plan Unlikely to Have Lasting Impact on Yen

Dow Jones07-10 16:40

0840 GMT - The Japanese yen's gains are unlikely to be sustained in the near term after Finance Minister Satsuki Katayam called on households and pension funds to increase investments in domestic assets, MUFG Bank's Derek Halpenny says in a note. While positive, these policy shifts take time, he says. It's too soon to expect this to have any lasting impact on the yen. The Bank of Japan's credibility and fears that the BOJ is behind the curve in raising interest rates remain key, he says. Markets could also view Katayama's comments as a sign of reduced appetite for interventions to support the yen, potentially leading to renewed weakness if global yields rise, he says. The dollar falls 0.4% to 161.67 yen. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 10, 2026 04:40 ET (08:40 GMT)

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Markets could also view Katayama's comments as a sign of reduced appetite for interventions to support the yen, potentially leading to renewed weakness if global yields rise, he says. The dollar falls 0.4% to 161.67 yen. 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