The Bank of Japan's defense of the yen is unlikely to work, according to Deutsche Bank's global head of foreign exchange research. Japan's GDP is expected to have shrunk in Q3 due to a slowdown in China's exports. The weak yen is also forcing Japan to scale back its historic defense spending plan, with cuts in procurement of domestically sourced systems to prioritize the acquisition of US-made Tomahawk cruise missiles and F-35 fighter jets.
Reuters Exclusive: "Weak yen forces Japan to shrink historic military spending plan" Japan is cutting procurement of some domestically sourced systems in order to prioritize acquisition of US made Tomahawk cruise missiles and F-35 fighter jets. https://t.co/Zd6JSQznSj
Weak Yen forces Japan to scale back historic defense spending plan https://t.co/zaVDv4cMpF https://t.co/1HVWC2XcPw
Exclusive: A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defense build-up aimed at helping to deter a Chinese invasion of Taiwan https://t.co/LclkhnGgOc
Exclusive: Weak yen forces Japan to shrink historic military spending plan https://t.co/lC131DWcLj https://t.co/WP0h3wiYK9
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The Bank of Japan’s defense of the yen is unlikely to work, according to Deutsche Bank's global head of foreign exchange research https://t.co/wQ3jVwk5bA https://t.co/8Vt806UlqQ
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The Bank of Japan’s defense of the yen is unlikely to work, according to Deutsche Bank's global head of foreign exchange research https://t.co/ZekG5cmwjn
The Bank of Japan’s defense of the yen is unlikely to work, according to Deutsche Bank's global head of foreign exchange research https://t.co/p5MOVM652R
The Bank of Japan’s defense of the yen is unlikely to work, according to Deutsche Bank's global head of foreign exchange research https://t.co/GDq1y0HsqQ