Exchange rate of Japanese currency against dollar fallen to its lowest value

The exchange rate of the Japanese national currency against the
dollar has dropped to its lowest value in 34 years,
Azernews reports.

According to electronic currency trading data, for the first
time since April 1990, the dollar at some point began to cost more
than 160 yen.

The main factor in the continued decline of the yen remains the
persistent gap in interest rates with Western countries, where they
were raised to combat inflation. In Japan, which has been
struggling with the negative effects of deflation for decades, the
authorities and the regulator are set to achieve the 2% inflation
target, for which they stimulate the economy, including through low
rates. This makes investments in assets denominated in dollars and
euros more profitable than investments in products denominated in
yen.

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