On Monday, the Tokyo Stock Exchange’s exchange rate for the Japanese yen decreased to 148. For the first time since 1990, there are 6 yen to every dollar.
The Japanese yen was in circulation at a level of 148 as of 09:50 Moscow time, per Bloomberg statistics. dollar to 66 yen.
The previous standard level was registered in trading last Friday, when the Japanese currency reached the level of 147 yen for the dollar.
The US Federal Reserve, the country’s central bank, keeps raising interest rates, while the Bank of Japan keeps its interest rate at a negative level. This stark disparity in monetary policy approaches is the primary cause of the Japanese yen’s continued and rapid depreciation.
Bloomberg and Novosti as sources.
The level of the Japanese yen is at its lowest since 1990.
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