# Yen's buying power sinks to 53-year low after decades of stagnation - Nikkei Asia

> The yen's purchasing power is nearing a 53-year low against major currencies, forcing Japan to pay more for imported energy and food. Higher import costs have pushed up prices on supermarket shelves.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/34826-yen-s-buying-power-sinks-to-53-year-low-after-decades-of-stagnation-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Weak yen purchasing power raises the landed cost of imported feed grains and ingredients for Japanese buyers, pressuring their margins.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-s-buying-power-sinks-to-53-year-low-after-decades-of-stagnation

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.