SMBC: Fiscal Discipline and BOJ Hikes Key to Curbing Yen Weakness

TREE NEWS update: Masahiro Ichikawa, strategist at Sumitomo Mitsui DS Asset Management, stated that if Japan shows commitment to fiscal discipline and maintains appropriate BOJ rate hikes, further yen depreciation can be curbed without repeated intervention. He noted that recent interventions were effective because they halted rapid, disorderly falls toward 164 per dollar.