In-Depth: What Does the Rapid Depreciation of the Yen Mean for Japan and Surrounding Economies?
[para. 1] Zhao Nan, using a pseudonym, exchanged Chinese yuan for Japanese yen before the May Day holiday, noticing a favorable rate of nearly 22 yen per yuan, an increase of over 10% since the beginning of the year. [para. 2] By May 30, 2024, the exchange …