Skip to content
The DonkeyThe Donkey
  • Home
  • Account Payable
  • Account Number
  • Account Recovery
  • Account Riot
  • -
  • -
Account Recovery

Japanese PM’s advisers call for improvement in current account as yen weakens

Posted on April 27, 2022April 27, 2022 by Amy A. Stuart
27
Apr

Women wearing protective masks walk in a shopping district, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan, February 15, 2022. REUTERS/Kim Kyung-Hoon

Join now for FREE unlimited access to Reuters.com

Register

TOKYO, April 27 (Reuters) – Advisers in Japanese Prime Minister Fumio Kishida’s leadership panel urged the government on Wednesday to prevent the current account surplus from shrinking further to avoid hurting the foreign exchange market.

Japan has long boasted a large current account surplus, a source of confidence in its yen, but soaring fuel import costs and slowing exports amid the Ukraine crisis are creating a trade deficit, which hurts Japan’s balance of payments.

Japan’s shrinking current account surplus helped push the yen to a two-decade low past 129 yen at the start of the month. It has traded around 128 yen to the dollar since then.

Join now for FREE unlimited access to Reuters.com

Register

“The persistent decline in the current account surplus could have an impact on financial and monetary markets,” said the four private sector advisers to the Council for Economic and Fiscal Policy.

The 11-member senior advisory board is made up of ministers, lawmakers and Bank of Japan Governor Haruhiko Kuroda.

“We need to build an economic structure that is resilient to external shocks,” the advisers said in a proposal presented at a panel meeting.

Councilors also called for measures including decarbonisation efforts, such as early restart of nuclear reactors and energy saving, export of agricultural products and promotion of inbound tourists to try to improve the account balance. fluent.

“We need to resume entry intended for tourism in stages to help overseas tourists recover from the dip ’caused by the COVID-19 pandemic,” the advisers said.

Japan’s tourism industry has called on the government to reopen borders to more visiting tourists, which was a rare bright spot for the world’s third-largest economy until the COVID-19 outbreak more than two years ago.

Japan recently eased entry restrictions for business travelers and students by lifting the daily cap on international arrivals, after coming under fire for its strict border measures.

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Tetsushi Kajimoto, editing by William Maclean

Our standards: The Thomson Reuters Trust Principles.

Related posts:

  1. Nearly 2.5 million people have now signed a petition for a fourth stimulus check
  2. When and why to use Windows Advanced Startup
  3. How can local businesses work together to recover from Covid?
  4. ANZ Bank Charged with Discrimination for Closing Iranian’s Accounts After Sanctions Policy “Violated”
This entry was posted in Account Recovery. Bookmark the permalink.
Amy A. Stuart

What is a checking account and how does it work?
Social Truth Test: Trump’s Uncensored Social App Is Incomplete
Categories
  • Account Number
  • Account Payable
  • Account Recovery
  • Account Riot
  • Uncategorized

account number accounts payable bank accounts capitol hill donald trump email address income tax joe biden law enforcement phone number president donald social security states capitol united states washington dc

Recent Posts
  • How to Get a Wells Fargo Credit Limit Increase – Forbes Advisor

  • Payoneer Global Inc. (NASDAQ:PAYO) Chief Financial Officer Michael G. Levine sells 7,536 shares

  • News from Trump today: Tax returns to be seen by Congress after Supreme Court rules against him

  • Drex heart attack: The Vancouver radio host will be on the air until 2023

  • Why Bank Customers Should Sign Their ATM Cards – Banker – The Whistler Newspaper

Archives
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • Privacy Policy
  • Terms and Conditions
  • Home
  • Account Payable
  • Account Number
  • Account Recovery
  • Account Riot
  • WooCommerce not Found
  • Newsletter