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Japan’s yen drops to 34-year low against dollar, further hurting purchasing power in global market

The Japanese yen briefly dropped to a 34-year low against the US dollar, and hit an all-time low against the euro on April 29, sending the country's buyers to struggle with their purchase of seafood products from overseas

By Masahiko Takeuchi | May 1, 2024 10:37 BST
Russian king crab for sale at a vendor in Tokyo. Credit: Masahiko Takeuchi
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The Japanese yen briefly dropped past 160 to the US dollar for the first time since April 1990 on Monday (April 29), on thin liquidity during a public holiday in Japan [...]

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