In the Tokyo foreign exchange market on the 9th, the depreciation of the yen accelerated further, and the yen exchange rate fell to the mid-134 yen level per dollar.
The yen has been depreciating for the first time in about 20 years against the backdrop of the view that the interest rate differential between Japan and the United States will widen further.
In the Tokyo foreign exchange market, the movement to sell the yen and buy the dollar is accelerating, and the yen exchange rate has dropped to the mid-134 yen level per dollar.
Following the trend of yen depreciation in the New York market on the 8th, the yen has been depreciating for the first time in 20 years and 4 months since February 2002.
The yen has also fallen against the euro, and the yen has been depreciating for the first time in 7 years and 5 months since January 2015.
Market officials said, "While the central banks of the United States and Europe are tightening monetary policy to curb inflation, the Bank of Japan maintains its current policy of continuing large-scale monetary easing. There is a widespread view that the difference in interest rates between Japan and Europe and the United States will widen due to the difference in the direction of monetary policy, making it easier for the yen to sell. "