2024-04-01 10:50:00 ET
Summary
- Since reaching a long-term high against the U.S. dollar in late 2011, the yen has lost almost half its nominal value, recently plunging to levels not seen since the early 1990s.
- Two weeks ago, however, the Bank of Japan raised the target range for its policy rate, from -0.1% – 0.0% to 0.0% – +0.1%.
- Is Japan’s winter thawing? Could the yen be about to blossom at last?
By Brad Tank, Ugo Lancioni, & Toyaj Singh
Strong forces still weigh on Japan’s currency, but its long, cold winter may be coming to an end. ...
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Time For The Yen To Blossom?