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Barclays: Trump may exert pressure on the Japanese government and Central Bank through Exchange Rate
On November 7th, Jinshi Data News, economists at Barclays Bank said in a research report that Trump’s presidency may put pressure on the Japanese government and the Central Bank through the Exchange Rate. Economists said that if the currency pair “approaches the 160 level again and seems likely to maintain around that level for a period of time, it may harm public sentiment due to concerns about cost-push Inflation and the impact on government approval ratings.” Economists added that depending on the future Exchange Rate trend, forex intervention or the risk of a rate hike by the Japanese Central Bank in December will continue to be worth following.