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الشرق اللبنانية
Japan maintains warning as yen hits 1986 low
The Japanese yen has fallen to its lowest level since 1986 against the dollar, with the currency reaching 162.41 yen per dollar, reflecting strong pressures on the local currency. Despite warnings and interventions carried out by the Japanese government, including a record expenditure of 11.7 trillion yen to support the yen, the interest rate gap between Japan and the United States continues to bolster the dollar's strength. This poses a challenge for the government to protect the yen from further decline, despite inflationary risks and rising import costs. Japanese authorities have affirmed their readiness to intervene in the market if necessary, but the ongoing weakness of the yen reflects the difficulty in controlling fluctuations amid the Bank of Japan's decision to halt interest rate hikes. This maintains economic and political pressures associated with the situation.
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