Japanese Yen in Hot Water, Plummets to its Weakest Position in Decades | Vantage with Palki Sharma
The Japanese Yen is facing its worst crisis in decades. The Yen has lost over a third of its value over the past three years. Earlier this week, it dropped further, tumbling to its weakest position for a brief period of time against the US dollar since 1990. This sharp decline has rattled Japan's economy, raising concerns about rising import costs and the potential for a deeper recession. The culprit behind the Yen's woes? A widening gap between interest rates in Japan and the United States. The interest rate in the US is currently between 5.25 and 5.50 percent. In contrast, Japan's interest rate is much lower, sitting at just 0.1 percent. This makes the Yen a less attractive option for investors seeking higher returns, leading them to pull their money out of Yen-denominated assets and into US Dollars. With millions of empty homes and a fragile economic recovery, Japan faces a critical juncture. How can the Japanese Yen weather this storm and propel the nation's economy forward? Palki Sharma tells you more.
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Japan | Yen | Currency | Economy | USA | Dollar | Interest Rates | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#japan #yen #currency #dollar #usa #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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