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Yen Volatility Disrupts Market Stability
The CEO of Mitsubishi OSK Lines, the world's largest owner and operator of oil tankers, warned that sharp and rapid fluctuations in the Japanese yen exchange rate threaten to disrupt global financial markets and cause instability. Although the company benefits from the weak currency by making profits in dollars, the significant volatility poses an operational crisis, with the yen’s stability range between 150 and 155 yen per dollar being considered a "comfortable range" after intensive interventions by Tokyo and Washington. The CEO also ruled out resuming regular maritime voyages through the Strait of Hormuz at this time, noting that returning to normal routes is nearly impossible, as the volume of cargo ships passing through the Strait has continued to decline to its lowest levels since May. Overcoming the current crisis will require a long time.
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