BOJ Hikes Rates, But Yen Keeps Sliding — 5ch: ‘The US-Japan Rate Gap Never Closed’

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The story

Takako Zenba, appearing on TBS’s “Sunday Morning” on September 20, voiced concern over the unstoppable yen depreciation, saying “If this keeps going, prices will climb even further.” The Bank of Japan has since raised interest rates, yet the yen’s slide continues, raising worries about the impact on household finances. On 5ch, users pointed out that the yen will keep weakening as long as the US-Japan interest rate gap doesn’t narrow, questioned whether the 0.25% hike was large enough, and debated how the Bank of Japan’s February personnel reshuffle may have influenced this decision — with opinions split between those burdened by mortgages and those benefiting from rising deposit rates.

Takako Zenba: “If the yen’s slide doesn’t stop, prices will climb even further…” — Concern grows over yen weakness despite BOJ rate hike – Entertainment: Nikkan Sports

September 20, 2026, 10:02 AM

Freelance announcer Takako Zenba appeared on the 20th on TBS’s “Sunday Morning” (Sundays at 8 a.m.), which she hosts, expressing growing alarm over the unrelenting yen depreciation.

Source: nikkansports.com / Original article here

What people said

3AnonymousSep 20, 2026 12:18
We're not shopping in dollars, so does this even affect us?
17AnonymousSep 20, 2026 12:23
Re: #3
Our tax money is buying dollars for fuel subsidies, and those dollars buy crude oil.
4AnonymousSep 20, 2026 12:18
Of course it's not going to stop — the US-Japan rate gap never closed.
How many years has she been an announcer?
43AnonymousSep 20, 2026 12:33
Re: #4
You could read that as her implying the real problem is they only hiked by 0.25%.
5AnonymousSep 20, 2026 12:18
>Defending our livelihoods
But apparently having the "military strength" to actually defend it is a no-go (a jab tying economic "defense" talk to Japan's defense-spending debates)
10AnonymousSep 20, 2026 12:20
Commercial TV stations, drowning in tasteless ads, are worthless.
13AnonymousSep 20, 2026 12:21
Is Bessent going to swoop in for another coordinated intervention?
It'll just slide back to a weak yen right away anyway (Bessent = US Treasury Secretary).
15AnonymousSep 20, 2026 12:22
>"I can't really think of a way to fix the weak yen right now"
So basically nobody has a clue what to do, lol. No point worrying about it then.
20AnonymousSep 20, 2026 12:24
At the very least, the dollar will keep strengthening as long as the Strait of Hormuz situation isn't resolved.
Major forecasters say that won't happen during Trump's term.
21AnonymousSep 20, 2026 12:24
Guide to sophistry:
3. Predict a future that conveniently favors your own argument
4. State your opinion as fact
24AnonymousSep 20, 2026 12:27
And if the yen strengthens, you know they'll complain about that too, lol.

Stocks are doing great,
so honestly, thank you PM Takaichi.
25AnonymousSep 20, 2026 12:28
If we pushed Trump into that Doraemon spring that turns Gian into "Beautiful Gian," would the yen finally strengthen? (a Doraemon gadget that transforms the bully character Gian into a kinder version)
26AnonymousSep 20, 2026 12:28
Easy job: just say negative things.
27AnonymousSep 20, 2026 12:28
Apparently there were two reflationists on the board opposing the hike, so even after raising rates, the yen still weakened.
29AnonymousSep 20, 2026 12:29
Re: #27
They should just name those two, honestly.
33AnonymousSep 20, 2026 12:30
Re: #27
Those are the two Takaichi installed in the February BOJ personnel reshuffle.
28AnonymousSep 20, 2026 12:28
The US-Japan rate gap hasn't changed.
Of course people buy the currency of the world's reserve-currency nation
exchange rates don't move just to suit Japan's convenience.
30AnonymousSep 20, 2026 12:29
We're falling further and further behind South Korea.
It's embarrassing enough that Japan should be swapped out of the G7.
31AnonymousSep 20, 2026 12:29
TBS's "News Special" is so blatantly biased it's hilarious.
32AnonymousSep 20, 2026 12:30
It's a global trend, so there's no way Japan alone is going to see prices stop rising.
53AnonymousSep 20, 2026 12:37
Re: #32
We're getting dragged along by the US, which raised its policy rate to 3.75%, still couldn't stop inflation, resumed hiking, and is now saying it'll hike once more before year-end. Even hiking every three months, Japan still ended up with a weaker yen.
35AnonymousSep 20, 2026 12:30
It used to be 360 yen to the dollar, so don't sweat it, we've got plenty of room (the fixed 360 yen/dollar rate under Japan's postwar Bretton Woods system).
39AnonymousSep 20, 2026 12:31
Re: #35
Before that it was 1 yen to the dollar, you know.
55AnonymousSep 20, 2026 12:37
They raise rates…

And the dumb old-guard media goes: "Mortgage payments have hit their limit, the public is suffering."

Somebody regulate these outlets already.
68AnonymousSep 20, 2026 12:41
Re: #55
The ruling party campaigned on easing the burden on the working generation, so of course people are going to worry about the mortgages most of that generation is carrying.

Background and Key Points of This Topic

The Bank of Japan decided to raise interest rates at its September monetary policy meeting, but because the US-Japan policy rate gap remains wide, downward pressure on the yen has not eased. Some in the thread pointed to the “yen carry trade” — borrowing low-interest yen to invest in higher-yielding dollar assets — as a factor propping up the weak yen. Two points became sticking points: whether the size of the rate hike was sufficient, and how the Bank of Japan’s February personnel changes under the Takaichi administration may have influenced this decision. These facts can’t be fully verified from the article text alone, so the actual board composition and voting details should be checked against the original article or the BOJ’s official releases. Reactions to the burden of the weak yen and rising prices were also split between the working generation carrying mortgages and those benefiting from higher deposit rates, and that gap in perspective was part of what fueled the debate in the thread.

*This article is composed from excerpts and a summary of the 5ch (Entertainment/Sports Breaking News+) thread “[Sunday Morning] Takako Zenba: “If the yen’s slide doesn’t stop, prices will climb even further…” — Concern grows over yen weakness despite BOJ rate hike.”

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