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the release of the March statistics on US inflation growth, the Japanese yen significantly weakened against the US dollar. Hence, differences in the pace of

1.7 0.4 -0.3 -1.7 1.5 AEs* Japanese yen 157.27 -0.3 4.9 7.1 11.6 12.9

end of April. A notable trend in April was that the Japanese yen weakened further, since the difference between the US and Japanese interest rates

0.1 -2.2 3.0 -2.2 -1.0 AEs* Japanese yen 151.34 0.9 7.4 1.0 7.4 14.1

0.0 -1.5 -0.3 -2.1 1.9 AEs* Japanese yen 149.92 1.8 1.8 3.0 6.4 10.1

may not withdraw cash in US dollars, euros, British pounds, or Japanese yen until 9 September 2024. There are no restrictions on other foreign currencies.

2.1 2.2 -1.2 -2.1 -0.4 AEs* Japanese yen 147.24 4.5 -2.9 2.7 4.5 12.9

by a strengthening of the ruble and a weakening of the Japanese yen against the US dollar. This led to prices for used cars imported

by the Bank of Japan’s ultra-loose monetary policy and a weak yen throughout the year. Changes in US indices were largely explained by increased

dollar index (inverted) Brazilian real Mexican peso Euro Chinese yuan Ruble Japanese yen Pound sterling Turkish lira * Against the US dollar. Reverse exchange rates. Sources: