What is a Weak Yen?
A weak yen refers to the decreased value of the Japanese yen in comparison with other 💶 currencies. This tends to make JapaneSE goods and services cheaper for foreign buyers, while imports become more expensive for Japan.
Reasons 💶 Behind a Weak Yen
The value of the yen is influenced by several elements, such as interest rates, inflation, and economic 💶 growth. At present, the ye is weak due to the Bank of Japan maintaining a loose monetary policy, unlike most 💶 main economies that are tightening theirs. This gap in interest Rates has led to the yem's devaluation.
Effects of a Weak 💶 Yen