How to intervene to avoid a downturn in the yen, or to avoid a bad cycle?

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How to intervene to avoid a downturn in the yen, or to avoid a bad cycle?

[Points of this article] ・If the sharp yen decline continues, it will be difficult to raise wages above prices; ・There is a fear of falling incomes and falling corporate profits into a "bad cycle"; ・Reforming the economic structures that can benefit from the yen's decline is urgently needed.The government and the Bank of Japan have stepped up their interventions to buy the yen and sell the dollar as early as the morning of April 2 following the …