Japanese yen depreciated sharply against the US dollar, and inflation remains high

On April 26, according to China Economic Net, Japan decided to keep the current monetary policy unchanged and maintain the policy interest rate target between 0 and 0.1%, resulting in the continued depreciation of the yen against the US dollar, which has now fallen below 158:1, the lowest level since May 1990. The depreciation of the yen will lead to higher food and energy prices in the country, and the consumer market will continue to be under pressure, posing a risk to the stable development of the country's economy.