Japan's Currency Crisis Deepens as Yen Plunges Past ¥163 Against the Dollar - streamlinefeed.co.ke
Japan's Currency Crisis Deepens as Yen Plunges Past ¥163 Against the Dollar - streamlinefeed.co.ke
Source: streamlinefeed.co.ke
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DW NOTE
The yen is heading in the direction every export-dependent economy dreads — down, but for the wrong reasons. Past ¥163 means Japan is now importing inflation from dollar-priced oil at $88 per barrel while the BOJ holds rates near zero to service a debt pile worth 264% of GDP. This isn't competitive devaluation, it's the market pricing in a central bank with no room left to manoeuvre.