Japan Yen Crisis Deepens As Sanae Takaichi Confronts Rising Costs

Japan Yen Crisis Deepens As Sanae Takaichi Confronts Rising Costs

Japan Yen Crisis Deepens As Sanae Takaichi Confronts Rising Costs

Japan’s yen has weakened near 158 per dollar as rising energy import costs put fresh pressure on the economy. Japan’s trade deficit widened sharply while expensive crude oil increased the country’s import bill. Bank of Japan Governor Sanae Takaichi is also facing difficult policy choices after raising interest rates to 1.25 percent. This video explains how the weak yen, oil prices and trade pressures are affecting Japan’s economy and consumers today.

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