Jun 04, 2024 10:08 AM

CX DAILY

CX Daily: Yen’s Decline Tied to U.S.-Japan Rate Gap Is Seen Stretching to 2025

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Cover Story: Yen’s decline tied to U.S.-Japan rate gap is seen stretching to 2025

Ahead of the May Day Golden Week holiday, while exchanging currency for a trip to Japan, Zhao Nan (a pseudonym) was surprised to find that 1 yuan could now buy nearly 22 yen, up more than 10% from the year’s start. As of May 30, the yuan has climbed a staggering 46% against the yen from its March 2020 low.

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