Economy
Japanese yen slides to nearly 34-year low
t marks 1st time since July 1990 that Japanese currency has lost value against US dollar to over 151 yen
Riyaz ul Khaliq |
27.03.2024 - Update : 27.03.2024
ISTANBUL
The Japanese yen sank to a nearly 34-year low against the US dollar in early trading Wednesday, briefly hitting 151.97.
It marks the first time since July 1990 that the currency of the world’s fourth largest economy has slid to this level, public broadcaster NHK reported.
The loss in the yen comes after Tokyo ended its negative interest rate policy early this month.
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