Yen plunges record low: purchasing
Real effective index 67.73 – the lowest since 1973
The purchasing power of the Japanese yen has fallen to a record low in 53 years. According to the Bank for International Settlements, the real effective value index of the yen was only 67.73 points—the lowest level since 1973. For comparison, in April 1995, it reached a peak of 193.95. The index reflects the strength of the yen relative to a basket of 64 major world currencies.
Summary:
The real effective yen index fell to 67.73, considered a low level not seen in over half a century. In 1995, the index was higher, reaching 193.95.
- Category: Economy
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- Source: https://t.me/newsby_btrc/188281
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