Japanese Yen Hits All Time Low! | Republic Business
Japan’s economy faces turbulence as the government hikes interest rates for the first time in 17 years, causing the yen to hit a 34-year low. The currency’s drop is prompting concerns and hints of action from Japan’s monetary authorities. Experts suggest the weakening yen could benefit Indian industries, especially automobiles, as it lowers costs for imports from Japan, making Indian firms more competitive. Companies like Maruti Suzuki India Limited and those linked to Japan, such as Motherson Sumi and Sharp, might see gains. The Bank of Japan is buying government bonds to stabilise the yen. Businesses should stay vigilant and adapt to the changing situation.
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