💱US Dollar/Japanese Yen FX Spot Rate
USDJPY
▼ NegativeMonetaryrelevance
Proposal to encourage GPIF to invest domestically is seen as verbal intervention to curb yen depreciation, which would strengthen JPY.
Impact on assets 1
Others
A proposal has emerged under the Ishiba administration to encourage the Government Pension Investment Fund, or GPIF, to expand its investment in domestic financial assets. In the market, some see this as verbal intervention by the administration aimed at curbing the rapid rise in long-term interest rates and the yen's depreciation.
Proposal to encourage GPIF to invest domestically is seen as verbal intervention to curb yen depreciation, which would strengthen JPY.