The exchange rate of the Japanese yen against the US dollar has fallen to its lowest level in 40 years, and the Japanese stock market is expected to rise due to the rebound of US technology stocks. The weakening of the Japanese yen has boosted exporters' profits, but has pushed up import costs and increased household burdens, putting political pressure on the government led by Japanese Prime Minister Hayao Takashi. Monex forex trader Andrew Hazlett said that if the correction cannot be made quickly, intervention measures are imminent, but if the issue of interest rate differentials is not resolved, intervention measures are only temporary remedies.
