As the Bank of Japan vowed to maintain ultra-easy monetary policy despite clear indications that other major central banks will tighten further to combat surging inflation, the Japanese yen depreciated past 147 per dollar. Briefly, it breached the 147.64 level, bringing it to its lowest level since August 1990. BOJ Governor Haruhiko Kuroda emphasized the importance of assisting the economy’s… Read More »The Japanese yen is hovering near a Thirty year low.