# Bank of Japan fiddles while bond market burns

> The Bank of Japan's interventions to support the yen are losing effectiveness, with the currency near 150 per dollar, its weakest since 1990. Governor Kuroda could tweak the bank's unorthodox policy, but analysts doubt such changes would help much. The core problem is the widening gap between US and Japanese economic conditions.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39367-bank-of-japan-fiddles-while-bond-market-burns
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen raises the dollar cost of Japanese feed and grain imports and can shift demand between origins. The effect on grain prices is indirect and modest.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/breakingviews/bank-japan-fiddles-while-bond-market-burns-2022-10-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.