ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Currencies

U.S. protectionism lurks behind yen's stubborn weakness

Election-year 'Buy American' push attracts foreign money, bolstering dollar

The yen has remained persistently weak against the dollar even after the Bank of Japan scrapped negative interest rates.   © Reuters

TOKYO -- The yen is caught in a historic stretch of weakening that shows no sign of ending even after the Bank of Japan's first interest rate hike in 17 years, thanks to the persistently strong dollar backed by protectionist U.S. policies.

Amid the flurry of monetary policy meetings by global central banks in the second half of March, Tohru Sasaki of Fukuoka Financial Group put forward an interesting idea.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more