Decpreciated Japanese Yen Pushed JPY to USD Exchange Rate to Break ¥100/$1 USD. Stable Economic Development is Anticipated

2013-05-17

 On May 10th 2013, JPY to USA exchange rate at Tokyo Stock Exchange borke the ¥100/$1 USD mark. It even once hit  ¥101. As the on-going trend of monetary easing policy of the Bank of Japan continues, it is ecpected that JPY will further go from ¥105 to ¥110. In terms of export, the income and expenditure accounting of the automobile industry is destined to improve substantially. However, the trend will  bring about the surge of material import price. Currently the industry is concerned and hope that the country eventually will not get stuck into the black hole of depreciation and touch down safely.