The Japanese yen is at its weakest in decades, burdening households and businesses with high costs of imported food and fuel, but it also proves an unexpected tailwind for multinationals like pharmaceutical giant Takeda. It is
The yen slid toward its low of 135.60 per dollar hit this week as the Bank of Japan reiterated its commitment to accommodative monetary policy on Friday, confirming its position as the lone pigeon in the global environment of rising inflation. I went back a little. It has fallen 14% against the US dollar this year.
Households complain about the impact on their wallets. Nearly half of the companies that responded to a Tokyo Shoko Research poll this week said a weaker yen would have a negative impact on their businesses. Only 3% said it was a good thing.
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