The Yen Government New New Currency

Few hours after knowing the result last the elections in Japan, the past 31 of August, the yen gave the first warning: it marked maximums in his change with the Euro in more than five weeks, with the dollar in seven months and its value even raised with respect to the other 14 more active currencies of the market. Fifteen days later the new minister of finances announced that: a strong yen is good for Japan. These words of Hirohisa Fujii, let glimpse that, the change of government after more than 50 years of liberal party, could take passage to different monetary policy. The democratic party, far from those to impel to the loss the quote of its currency to foment the sales to the outside as many hoped, has promised to put more money in the hands of the Japaneses, in a effort to modify a dependent economy of the exports towards which it puts more emphasis in the national demand. In any case, the analysts take these declarations wisely. the Japanese, exporting economy by nature, forces to that a well-taken care of one with the fluctuations and with appreciations of the yen is had in particular special.

Thus, and independent of the government or of his political direction, who operates the Japanese monetary policy must pay much attention to him to the movements of the yen against main international currencies. , affirms Juan Dieste, analyst of OreyiTrade. The Japanese economy has been one of first in assuring that it has left the recession, after announcing in August that its GIP had grown in the second trimester of the year 3.7% in annual base and real terms. Nevertheless, still it has a difficult way to cross. His high indebtedness (near the 200% of the GIP), together with increasing rate of unemployment of 5.7% (a record for this country) and worrisome aging of his population (with the consequence high social cost) causes that many doubt that the new governing democratic party is able to fulfill their electoral promises, that include cuts of taxes and ascents in the social cost, to the time that they promise to environmental commitment and student aid.