One comparison sees Japan currency as world’s weakest, softer than Turkey’s lira
Soaring oil prices due to the Middle East conflict are worsening the structural issues that have led to yen-selling. © Reuters
TOKYO — The strength of the yen in real terms has hit a new low going back to the 1970s, pushing down Japan’s external purchasing power, as the trade deficit and other structural selling pressure factors on the yen are exacerbated by rising oil prices.