Japan’s economy has not had a good 2024, to say the least. It entered a short recession in February and now is dealing with a crisis surrounding the nation’s currency, the yen. The currency’s exchange rate has been seeing a continuous slide, recently weakening to 160.86 against the U.S. dollar and 171.79 against the euro. This marks the yen’s lowest value against the dollar since 1986, and its lowest value against the euro ever.
This unprecedented low values had some wondering how other nations would react to the ongoing issues within Japan’s economy — specifically whether or not foreign markets would intervene in an attempt to stop the slide. How did Japan’s currency get here, and why are many industry experts blaming the United States?
Why is the yen losing value?
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How can the yen be saved?
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