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Economic news / Економічні новини

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The Japanese yen fell to a record low

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Чер 14, 2022

The Japanese yen fell to its lowest level in 24 years

The Japanese yen fell to its lowest level in 24 years. Thus, the exchange rate of the national currency against the dollar during the morning trading session on Monday, June 13, was 135.2 yen per dollar. It is reported by RIA Novosti.

The head of the Bank of Japan, which acts as the country’s central bank, Haruhiko Kuroda said that the continued sharp fall in the yen increases uncertainty, makes it difficult to plan enterprises and is a minus for the economy. It is noted that this is a record fall in the exchange rate since 1998.

In the afternoon, the rate leveled off to the level of 134.6 yen per dollar.

Earlier, farmers in most prefectures in Japan said they planned to start growing wheat and soybeans instead of rice due to high prices in world markets. This decision was made by farmers in 37 out of 47 Japanese prefectures. Farmers plan to allocate about 35,000 hectares for new crops.