pressures of a depreciating yen

The Japanese real effective exchange rate is now at its lowest level in 54 years. Despite the pressures of a depreciating yen — from import prices to debt repayment — Japan’s global competitiveness and financial markets make it well-equipped to handle these challenges. The Bank of Japan (BOJ) has tightened monetary policy cautiously. It abandoned negative rates on the uncollateralised overnight call rate in March 2024 and raised the target to 0.25 per cent in July 2024 and to 0.5 per cent in January 2025. The move in July sparked a 6 per cent appreciation of the yen and a 12 per cent drop in the stock market, while the move in January proved uneventful. สล็อตเว็บตรง