"Japan's Yen Plummets: Currency Collapse and Potential 10% Drop Against Dollar"
TL;DR
The Japanese yen has dropped to a 34-year low against the USD, experiencing a 32% decline since 2021 and a 50% drop since 2012 due to Japan's aggressive monetary policies. The Bank of Japan's massive money printing and debt purchasing have led to the destruction of the currency, despite recent small steps to move away from these policies. The yen's collapse serves as a cautionary tale about the consequences of prolonged reckless monetary measures.
- Yen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012 WOLF STREET
- T. Rowe Price Says Yen Is at Risk of Falling 10% Against Dollar Bloomberg
- After U.S. Inflation Shock, Next Shoe to Drop Could Be in Tokyo The Wall Street Journal
- Japan's yen falls to lowest since 1990, dollar/yen up 0.6% Reuters
- Japan to take all necessary steps amid yen's fall: finance chief Kyodo News Plus
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