After the financial tsunami in 2008, the yen rose strongly again because of safe-haven funds. 20 111October 3 1 day, the yen once rose to 75.57 USD1USD, setting a record since World War II.
In the next year or so, the yen continued to fluctuate at a high level below 1 USD against 80 yuan RMB, and the long-term strong yen endangered Japanese exports. Therefore, after Shinzo Abe took office, he adopted a more radical monetary easing policy to stimulate Japan's export industry, because the easing policy worked.
Within six months, the yen depreciated by 20% against the dollar. 20 15 July, the yen once fell to 125 1. However, due to Britain's withdrawal from the EU referendum, as a way to avoid risks, the yen was bought by a large number of foreign currencies and appreciated, and the exchange rate against the US dollar immediately rose by more than 4%. Until August, 20 16, the current 1 dollar can be exchanged for about 100 yen.
Extended data
In the early days after World War II, the exchange of yen was strictly controlled. After 1964, with Japan becoming a member of the International Monetary Fund, the Japanese yen began to be used for international trade settlement on a large scale. After 1970s, with the prosperity of Japan's foreign trade and economic recovery, the pressure of yen exchange rate liberalization began to increase.
1980, Japan revised its foreign exchange law, and the yen entered the initial stage of liberalization and exchange. Because the United States has a large trade deficit with Japan, it hopes that the yen exchange rate will be more free. 1984, the establishment of the yen-dollar Committee was regarded as the beginning of the internationalization of the yen.
State administration of foreign exchange-central parity of RMB exchange rate