Wed. 25 Mar 2026
☁️ 9°C in Columbus
Date: 13-apr-2025 | By: Nuztrend Team
Tokyo, April 13, 2025: Itsunori Onodera, chair of Japan's ruling Liberal Democratic Party's Policy Research Council, has called for measures to strengthen the yen by enhancing the nation's industrial competitiveness. He highlighted that the yen's weakness has contributed to increased household living costs, emphasizing the need for domestic economic fortification over monetary interventions.
Onodera underscored the importance of bolstering Japanese companies to achieve a stronger yen, rather than relying on financial instruments or foreign reserves. He stated, "To strengthen the yen, it's important to strengthen Japanese companies," indicating a strategic shift towards sustainable economic growth through industrial development.
Addressing suggestions to utilize Japan's substantial U.S. Treasury holdings as a bargaining tool in trade negotiations, Onodera firmly opposed the idea. He remarked, "As a U.S. ally, the government shouldn't think about intentionally using U.S. Treasury holdings," advocating for maintaining stable diplomatic and economic relations with the United States.
These comments come ahead of scheduled trade discussions between Japan and the U.S., where currency policy and economic strategies are expected to be key topics. Onodera's stance suggests a preference for internal economic reforms to address currency valuation concerns, rather than external financial maneuvers.
No comments yet! Be the first one to comment.
Date: 12-Apr-2025
U.S. dollar and Treasury prices decline in 2025 due to escalating trade war tensions under President Donald Trump's policies causing global 'Sell America' trend.
Date: 13-Apr-2025
In a historic move, the UK government has taken control of British Steel's Scunthorpe plant to prevent its closure, protect 2,700 jobs, and maintain the nation's sole virgin steel production facility.
