{"id":63700,"date":"2024-04-30T11:52:17","date_gmt":"2024-04-30T02:52:17","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2024\/apr\/30\/japan-economy-yen-currency-value-falling-low-impact"},"modified":"2024-04-30T11:52:17","modified_gmt":"2024-04-30T02:52:17","slug":"why-has-the-yen-fallen-to-a-decades-low-and-what-does-it-mean-for-japans-economy","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=63700","title":{"rendered":"Why has the yen fallen to a decade\u2019s low and what does it mean for Japan\u2019s economy?"},"content":{"rendered":"<p>The accelerating slide in the value of Japan\u2019s currency could ultimately be bad news for people in Japan who are heavily reliant on imports<\/p>\n<p>The value of Japan\u2019s currency has tumbled so much, that its value is back to where it was in 1990, shortly after Japan\u2019s famous \u201cbubble economy\u201d burst. For a moment on Monday it was trading at 160 yen to US$1. A few years ago, it was closer to 100 yen to US$1.<\/p>\n<p>The yen\u2019s accelerating slide could ultimately be bad news for people in Japan. A weaker yen squeezes households by increasing import costs. Japan is heavily reliant on imports for both energy supplies and food, meaning inflation could rise.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2024\/apr\/30\/japan-economy-yen-currency-value-falling-low-impact\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The accelerating slide in the value of Japan\u2019s currency could ultimately be bad news for people in Japan who are heavily reliant on importsThe value of Japan\u2019s currency has tumbled so much, that its value is back to where it was in 1990, shortly after &#8230;<\/p>\n","protected":false},"author":3462,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[437,88],"tags":[],"class_list":["post-63700","post","type-post","status-publish","format-standard","hentry","category-economics","category-japan"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/63700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/3462"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63700"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/63700\/revisions"}],"predecessor-version":[{"id":63701,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/63700\/revisions\/63701"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}