While it has stabilised today, the ~10% depreciation of the Japanese yen over the past month or so is extraordinary. With some policymakers now hinting at FX intervention to stem the currency’s slide, it is worth examining how this unusual situation has arisen and what the implications might be, both for the yen exchange rate and financial markets more broadly.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services