# Yen's lost decades: Japanese buying power sinks to near 50-year low - Nikkei Asia

> USD/JPY held near 115.40 after rising for a third day, supported by rebounding US Treasury yields and IMF calls for easier BOJ policy. The IMF warned that Fed tightening would weigh on the yen, while Tokyo CPI came in softer than expected.

- Date: 2022-01-20 · published 2022-01-20T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/43368-yen-s-lost-decades-japanese-buying-power-sinks-to-near-50-year-low-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

IMF warnings and Fed-driven yield gains point to continued yen weakness, which raises the yen cost of dollar-priced feed imports for Japanese buyers; the impact on grain prices is indirect.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Yen weakens past 149 to dollar, nearing 1-year low - Nikkei Asia](https://feedsoft.ai/events/34349-yen-weakens-past-149-to-dollar-nearing-1-year-low-nikkei-asia.md) | +0.8% | +1.3% |
| DXY | 2022-08-29 | [Yen slides to 139 level on policy comment by Fed's Powell - Nikkei Asia](https://feedsoft.ai/events/40266-yen-slides-to-139-level-on-policy-comment-by-fed-s-powell-nikkei-asia.md) | +0.6% | +4.4% |
| DXY | 2023-08-28 | [Yen weakens against dollar following Powell's Jackson Hole remarks - Nikkei Asia](https://feedsoft.ai/events/34822-yen-weakens-against-dollar-following-powell-s-jackson-hole-remarks-nikkei-asia.md) | +0.2% | +1.3% |
| DXY | 2025-09-26 | [Yen dips to 2-month low against dollar as investors bet on longer BOJ pause - Nikkei Asia](https://feedsoft.ai/events/23126-yen-dips-to-2-month-low-against-dollar-as-investors-bet-on-longer-boj-pause.md) | -0.1% | +0.3% |
| DXY | 2016-11-14 | [Chinese yuan tumbles to a seven-year low as dollar surges \| South China Morning Post](https://feedsoft.ai/events/7742-chinese-yuan-tumbles-to-a-seven-year-low-as-dollar-surges-south-china-morning.md) | +1.4% | +0.8% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-s-lost-decades-japanese-buying-power-sinks-to-near-50-year-low

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