# In Japan, a weaker yen may not be the blessing it once was

> A weak yen is now hurting Japanese households and policymakers, as it raises import costs and eats into purchasing power. The dollar hit 115.525 yen, a level not seen since January 2017, as expectations of higher US rates lifted the greenback. Citi's economist said the negative effects may be larger than before because import penetration has risen.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/44276-in-japan-a-weaker-yen-may-not-be-the-blessing-it-once-was
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Japan is a major importer of feed grains and meal, so a weaker yen raises landed costs for Japanese feed buyers even when US dollar prices are flat.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-weaker-yen-may-not-be-blessing-it-once-was-2021-11-26/

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