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The weaker yen is reducing Japanese households' purchasing power as higher prices for imported goods, from clothing to smartphones, squeeze budgets. The yen had hit a five-year low of 116 per dollar in early January and has recovered only slightly since.
The article focuses on the domestic cost-of-living impact.
A persistently weak yen raises the yen cost of dollar-priced imports such as feed grains and meal, which can pressure Japanese buyers' margins. The effect is gradual and does not on its own move global prices.
asia.nikkei.comTAKERO MINAMI, RYO SAEKI, KAZUYA MANABE, Nikkei staff writersFeb 2, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
