WeakYen

Japan's Passport Ownership Plummets Amid Weak Yen, Affecting International Travel

3 months ago

In a surprising revelation, only 17% of Japanese citizens currently hold a passport, shedding light on the significant impact of the country's economic climate on travel preferences. This startling statistic emerges against the backdrop of a depreciating yen, which has made overseas travel increasingly expensive for many Japanese nationals.

Japan's Exports Surge Thanks to a Weak Yen Amid Global Economic Challenges

5 months ago

Japan has reported a significant uptick in its exports as the weak yen continues to bolster its international competitiveness, despite facing a backdrop of uncertainties impacting the global economy. In November, exports rose by a notable 9.5% compared to the previous year, reaching a total of 7.69 trillion yen ($51 billion). This growth can largely be attributed to the favorable currency exchange rate, which has made Japanese goods cheaper and more appealing to overseas buyers.

Economic Turmoil: Japan Faces Dual Challenge from Weak Yen and Rising Yields

6 months ago

The Bank of Japan (BoJ) is under significant pressure as the nation grapples with a weak yen and escalating bond yields, putting the central bank’s monetary policy under intense scrutiny. The yen has hit its lowest point against the dollar in decades, hovering around 150 yen to one dollar, prompting concerns about inflation and the overall stability of Japan's economy.