Reported about 1 year ago
Yahoo Finance correspondent Chen Yimin reported on June 14, 2024, that with the Bank of Japan maintaining the benchmark interest rate range at 0% to 0.1%, the Japanese Yen depreciated, leading to Taisugar offering a favorable exchange rate, enticing students planning graduation trips to Japan. Amid the graduation season, the plummeting yen has some college students considering a trip to Japan instead of saving. With the Bank of Japan keeping rates unchanged, the yen hit a low of 157.98 yen against the dollar, and Taisugar's yen exchange rate hit a new low of 0.2086, making students excited about the opportunity. Exchanging 50,000 yen now yields 23,9693 yen, compared to 22,3613 yen in December last year, enabling the ability to enjoy 20 extra bowls of ramen at the current exchange rate. Additionally, while Japan plans to reduce its monthly bond purchases, the decision on scaling back the bond-buying program will only be made after the July meeting following the March resolution.
Source: YAHOO