The yen depreciated further in the Tokyo foreign exchange market on the 13th of the week, and the yen exchange rate temporarily dropped to the 135 yen level per dollar.
The yen has been depreciating for the first time in about 20 years and 4 months since February 2002.
While the central banks of the United States and Europe are tightening monetary policy to curb inflation, the Bank of Japan plans to continue the current large-scale monetary easing, and the view that the interest rate differential between Japan and Europe and the United States will widen further. The movement to sell yen is accelerating.