Japan has spent billions to strengthen its economy by raising the value of the yen. However, this plan hasn’t worked as expected. The weak yen is causing higher import costs and increasing living expenses for Japanese households. Policymakers are struggling to address these issues, which are a major concern.
Source: https://www.bloomberg.com/news/articles/2026-06-30/jpy-usd-why-is-japan-yen-so-weak-can-government-intervention-help-currency