Japan's national currency has fallen by a third against the dollar and is now trading near a 34-year low. As experts note, interest rates remain near zero, while in the United States they have increased significantly recently.
As a result, it became more profitable for investors to transfer money from Japanese assets to more profitable American ones. Tokyo, in turn, does not dare to significantly raise its rates, since in this case servicing the country's huge public debt will become more expensive. If these trends continue in the coming years, the country may leave the four largest economies in the world, giving way to Russia.