Philip Lowe: Opening statement - House of Representatives Standing Committee on Economics Opening statement by Mr Philip Lowe, Governor of the Reserve Bank of Australia, to the House of Representatives Standing Committee on Economics, Canberra, 17 February 2023. *** Good morning chair and members of the Committee. Thank you for holding this hearing.
Stock prices, after having declined in October against the background of the weak tone in U.S. stock prices, rebounded reacting to the recovery in U.S. stock prices, and are currently moving around 18,000-18,500 yen. In the foreign exchange market, the yen has recently been traded at around 104-107 yen to the U.S. dollar.