倚天屠龙记马景涛版
全区总河长会、林长会暨防汛抗旱工作会议召开_我的网站
一 | 本网讯 记者陈晶涛报道 7月10日，全区总河长会议、林长会议暨防汛抗旱工作会议召开。
The yen has weakened in recent days, edging closer to the psychologically important 160 level against the US dollar. The decline comes despite the widely watched move by Washington to join Tokyo in supporting the currency. Less than two weeks after the US-Japan intervention, the yen has given up roughly half of its gains, raising fresh questions over the effectiveness of coordinated efforts to stabilize the exchange rate.
Japan and the US had previously confirmed coordinated foreign exchange intervention to prop up the yen after the currency tumbled to a nearly 40-year low. At the time, some observers saw the move as potentially stabilizing the yen in the short term, although its longer-term impact remained uncertain.
However, the subsequent market reaction suggests that even the short-term effect may have been limited. After strengthening to about 155 per dollar in the days following the intervention from above 163, the yen had slipped back above 159 by Wednesday, less than two weeks later.
Questions have emerged over whether further support for the yen may soon be needed, and whether Washington would consider stepping in again. The previous intervention was seen by some observers as a test of market confidence: the unusual coordinated move had the potential to influence market expectations and discourage bets against the yen. But if market expectations remain largely unchanged, repeated interventions could deliver diminishing returns. The US may face a difficult trade-off. Another intervention could require greater resources and come at a higher cost, while refraining from further action could raise questions over the lasting impact of the previous effort.
Market commentary has added to the uncertainty. Axios published a report headlined "Yen's weakness shows market isn't done pushing," while some reports suggested that the impact of the US-Japan intervention was beginning to fade. Such narratives could weigh on sentiment toward the yen and reinforce market expectations that the currency's weakness may persist.
Washington's involvement in supporting the yen may reflect broader economic and policy considerations. These could include avoiding a scenario in which Japan sells US Treasury holdings to support the currency, as well as concerns that a weaker yen could give Japanese exporters a greater competitive advantage. These possible considerations suggest that the intervention alone does not fully address the underlying forces behind the yen's weakness. This may help explain why the market has so far been reluctant to view the move as a turning point for the currency.
Washington's decision to join the intervention may have reflected concerns, as some observers suggest, that the yen's prolonged weakness had begun to affect US interests. If markets remain unconvinced by the US-Japan intervention, one possible outcome is that Washington could push Japan to take more costly measures to support the yen. Such a scenario could instead create some strain between Washington and Tokyo.
Beyond short-term market dynamics, the yen's weakness also reflects deeper challenges facing the Japanese economy, making a sustained reversal difficult. The currency's prolonged weakness has been influenced by the interest rate gap between Japan and the US, while also reflecting longer-term concerns over the diminishing returns of Japan's traditional growth model.
This leaves Japan facing a delicate policy balance between supporting growth and stabilizing the currency. While lower interest rates could help boost economic activity, continued weakness in the yen may strengthen calls for Japan's central bank to consider further rate increases to narrow the interest rate gap with the US.
Japan's structural challenges mean that a sustained appreciation of the yen will not be easy to achieve. The question of whether to pursue stronger measures, even at the cost of some economic growth, has become more complicated as the US takes a role in the issue. Japan may face greater pressure to support the currency, even though doing so would be difficult and could carry broader economic costs.
The author is a reporter with the Global Times. [email protected]
。会议深入学习贯彻习近平总书记关于河长制、林长制以及防汛抗旱工作的重要指示批示精神，落实国家和省防汛抗旱工作会议要求，安排全区河长制、林长制和防汛抗旱重点任务，推动全区河湖林木管理保护和防汛抗旱工作再上新台阶，为打好打赢攻坚之年攻坚之战营造良好环境。 区委书记徐显帅出席会议并讲话。区委常委、副区长王涛主持会议并讲话。区领导刘鹏、张向东出席会议。 会议通报了2023年全区林长制工作情况；通报了2023年全区河长制工作情况，总结年初以来防汛抗旱工作开展情况，并安排部署下一步工作。会上，高桥镇、台集屯镇、虹螺岘镇汇报了河长制工作的开展情况，其他乡镇作了书面汇报。 徐显帅在讲话中强调，要提高政治站位，切实增强全面推行河长制、林长制的思想自觉和行动自觉；要聚焦重点任务，不断提高生态环境治理水平和成效；要强化组织领导，常态化推进河长工作取得扎实成效。
二 | 各部门、各单位要进一步统一思想、提高站位，以“时时放心不下”的责任感和“事事抓在手上”的执行力，切实把生态环境治理好、管理好、保护好，牢牢扛起生态环境保护的政治责任，切实保护好人民群众生命财产安全，为实现全面振兴新突破作出新的更大贡献。
三 | 会上，王涛要求与会人员，要提高思想认识，主动履职作为，突出工作重点，确保“林有人护、河有人巡、事有人管”，牢牢守护好全区的绿水青山。要狠抓责任落实，压实各级责任，强化考核问责。要全力完成年度目标，统筹抓好重点任务，合力推进防汛抗旱，提升防汛排涝能力，全力守护人民群众生命财产安全。
四 | 区发改局、工信局、司法局、财政局、住建局、交通局、水利局、农业农村局、文旅局、应急局、自然资源分局、生态环境分局主要负责人；区委宣传部、南票公安分局分管负责人及分会场各乡镇（街道）党政主要负责人和分管负责人参加会议。
五 |
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