Stay updated with the latest news and articles about Japan’s G7 presidency.
Historical patterns suggest that after periods of yen-buying interventions, the BOJ has occasionally turned to yen-selling interventions to counteract excessive appreciation. Nomura, Japan’s largest brokerage, recently highlighted this possibility, noting that while it isn’t yet their primary scenario, future Ministry of Finance (MOF) interventions to curb yen strength could be on the table.
The G7 countries—namely the United States, Britain, Germany, France, Italy, and Canada—have expressed their discontent through a joint letter dated July 19. The letter criticizes Nagasaki’s exclusion of Israel from the ceremony, which commemorates the atomic bombing of the city during World War II. The ambassadors argue that this exclusion unfairly aligns Israel with nations like Russia and Belarus, which are criticized for their roles in ongoing international conflicts.
Chief Cabinet Secretary Yoshimasa Hayashi highlighted the importance of aligning Japan's AI regulations with international standards while ensuring that domestic policies are informed by global developments