日元仍然低迷，财政担忧掩盖了日本央行加息的赌注。日元仍然低迷，财政担忧掩盖了日本央行加息的赌注

Japanese Yen remains depressed as fiscal worries overshadow BoJ rate hike bets.Japanese Yen remains depressed as fiscal worries overshadow BoJ rate hike bets

周一，日元兑美元汇率跌至153，接近2月以来的最低水平，因为新政府下激进财政扩张的预期和日本央行政策前景的不确定性对日元造成了压力。本月，在日本首相高一当选后，日元大幅下跌。预计高一将实施扩张性财政措施，支持宽松的货币政策。有报道称，她最早可能在下个月公布一项重大刺激计划，可能超过去年旨在缓解家庭通胀压力的13.9万亿日元计划。与此同时，人们普遍预计日本央行本周将保持利率稳定，尽管随着关税相关风险的缓解，政策制定者将讨论恢复加息的条件。投资者也在等待高一本周与美国总统唐纳德·特朗普的会晤，以获取更多政策信号。

The Japanese yen slipped toward 153 per dollar on Monday, nearing its weakest level since February as expectations of aggressive fiscal expansion under the new government and uncertainty over the Bank of Japan’s policy outlook weighed on the currency. The yen has declined sharply this month following the election of Prime Minister Sanae Takaichi, who is expected to implement expansionary fiscal measures and support loose monetary settings. Reports suggest she may unveil a major stimulus package as soon as next month, potentially exceeding last year’s 13.9 trillion yen program aimed at easing inflationary pressures on households. Meanwhile, the BOJ is widely expected to keep rates steady this week, though policymakers are set to debate the conditions for resuming rate hikes as tariff-related risks ease. Investors also await Takaichi’s meeting with US President Donald Trump this week for additional policy signals.

日本Kihara：重要的是货币以稳定的方式反映基本面。日本Kihara：重要的是货币以稳定的方式反映基本面

Japan's Kihara: Important for currencies to move in stable manner reflecting fundamentals.Japan's Kihara: Important for currencies to move in stable manner reflecting fundamentals

全球首个与日元挂钩的稳定币在日本首次亮相。世界上第一个与日元挂钩的稳定币将于周一在日本推出，在一个现金和信用卡等传统支付方式主导金融基础设施的国家，这是一个虽小但意义重大的举措。

World's first yen-pegged stablecoin debuts in Japan.The world's first stablecoin pegged to the yen will be launched in Japan on Monday, a small but significant move in a country where traditional payment means like cash and credit cards dominate financial infrastructure.