Yen breaks 100 mark versus dollar

Editorial Team
Editorial Team
Yen breaks 100 mark versus dollar

The Japanese yen has breached the 100 yen to the U.S. dollar mark for the first time since April 2009.

It broke the threshold in New York on Thursday.

The yen has fallen nearly 25 percent against the U.S. dollar since November, when Japan’s cabinet approved a 422.6 billion yen economic stimulus package of subsidies and tax grants designed to boost its economy.

The measures have helped boost exporters’ profits and triggered a rally in the country’s stock market.

Tokyo stocks closed at their highest level in more than five years on Friday following the dollar’s jump past the 100 yen mark.

Image: © Getty

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The Editorial team at APAC Outlook Magazine is a team of professional in-house editors led by Jack Salter, Head of Editorial at Outlook Publishing.