On the price front, domestic corporate goods prices have continued to increase, mainly reflecting the rise in international commodity prices and the depreciation of the yen.
戦前の高橋財政:高橋財政は財政支出拡大、金利引下げ、円安のパッケージである。
The prewar Takahashi fiscal policy. The fiscal policy by Finance Minister Takahashi was a package of expansion of government spending, cuts in interest rates, and yen depreciation.
過去5回の米国大統領選挙の後は、80%の確率で円安ドル高になっているということです。
After the last five US presidential elections, there is an XNUMX% chance that the yen has depreciated against the dollar.
On prices, members agreed that domestic corporate goods prices had continued to increase, mainly reflecting the rise in international commodity prices and thedepreciation of the yen, and were expected to continue increasing.
Looking at the conditions influencing price developments, import prices are projected to be firm for the time being as the effects from the rise in oil prices and thedepreciation of the yen still remains.
Attention would be required as to whether this combination--a weak yen, low and stable long-term interest rates, and high stock prices--would continue.
As for prices, domestic corporate goods prices are expected to deviate slightly above the outlook, reflecting the rise in international commodity prices and thedepreciation of the yen in the second half of last year.
Positive factors to attract more FDI in the second half of the year include expectations for global economic recovery and reduced geopolitical risks, while negative factors include delayed investment facilitation in Korea and the low yen.
However, the pace of the increase in exports and production was projected to slow because the effects of temporary factors, such as restocking of inventories abroad and spot exports due to thedepreciation of the yen, were expected to fall off.
As for the conditions surrounding price developments, thedepreciation of the yen from around the end of last year and the rise in international commodity prices are regarded as factors to support prices for the time being.
Looking at individual price indicators, domestic corporate goods prices are increasing, due mainly to the effects of the rise in crude oil and other international commodity prices and thedepreciation of the yen, and they are expected to continue increasing.
円の対米ドル相場は、2月末以降、再び円安傾向となり、最近では概ね122〜123円台で推移している。
In the foreign exchange market, the yen depreciated again from the end of February. The yen is currently being traded in the range of 122-124 yen to the U.S. dollar.
The main reason for the increase in non-consolidated ordinary income is that, due to the falling yen at the end of the year, the U.S. dollar denominated loan receivables to our overseas subsidiaries were recognized as exchange gains.
But in 1996 there was a sudden and unexpected change in the export environment, caused by a depreciation of the yen against the currencies of all the countries involved in this study, a decline in demand within Asia, and other factors.
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