Reported 11 months ago
The Japanese yen continues to depreciate, with the selling price at Taiwan Bank reaching a historic low of 0.2063 against the New Taiwan Dollar. Compared to the relatively high point in January at 0.2217, exchanging 100,000 TWD can now get you 3.3 extra thousand Japanese yen, roughly equivalent to the price of 33 bowls of Ichiran Ramen priced at 980 Japanese yen. This exchange rate presents a favorable opportunity for those planning to travel to Japan recently, with the weak yen offering advantages to Japanese exporters but increasing concerns about cost-driven inflation for importers. Overall, the depreciation of the yen has mixed effects on the Japanese economy, with companies like Toyota benefiting from increased competitiveness in exports and higher value in repatriating overseas earnings.
Source: YAHOO