Former Japanese Prime Minister Fumio Kishida warned that without a $2.3 trillion growth strategy, mere intervention in the foreign exchange market will not save the yen.

The Zhitong Finance APP has learned that former Japanese Prime Minister Fumio Kishida stated that the joint intervention by the U.S. and Japan has temporarily supported the yen's exchange rate, but this is not a transformative measure for either the currency itself or the Japanese economy. He is promoting a growth strategy worth 370 trillion yen (approximately 2.3 trillion USD), believing that this is the long-term vision needed to change Japan's fortunes.