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美联储在10月的最后一个交易日再次减息25个基点,欧洲央行则在对通胀压力的持续担忧之下,表达出强烈的加息意愿。而日本央行在当前的条件下,却不具备任何调整利率水平的条件:经济保持复苏的趋势和日元交叉盘汇率的持续走低使之没有减息的必要;经济持续处于通缩当中,又使日本央行不具备加息的条件。因此,日元汇率在实际利率状况和利率预期的双重影响下,
The Fed cut interest rates by 25 basis points again on the last trading day of October, while the European Central Bank expressed its strong interest rate hike with continued concerns over inflationary pressures. However, under the current conditions, the Bank of Japan does not have any conditions for adjusting interest rates: the trend of economic recovery and the continued decline of the yen cross-currency exchange rate make it unnecessary to cut interest rates. As the economy continues to deflate, Japan's Central bank does not have the conditions for raising interest rates. Therefore, the yen exchange rate in the actual interest rate conditions and the expected impact of interest rates,