With Prime Minister Shinzo Abe launching a new round of economic stimulus plan and the pressure of the central bank to loosen monetary policy, some analysts expect the yen exchange rate to fall further.
On June 1 1, Abe's cabinet approved an economic stimulus plan involving more than 20 trillion yen (about 224 1 billion US dollars), the largest since fiscal year 2009. In addition, Abe supports "unlimited" purchase of government bonds and requires the central bank to set an inflation target of 2%. It is unclear whether the Bank of Japan will compromise with Abe at the expense of the independence of some central banks.
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A symbol of the yen
Yen, also known as Japanese yen, is the official currency of Japan, and its paper money is called Japanese bank note, which is made in 187 1. The yen is also often used as a reserve currency after the dollar and the euro. Currency symbol "?" The International Organization for Standardization (ISO42 17) defines its standard code as JPY. Japanese Roman Japanese yen.
The Japanese word "Wu" is the abbreviation of "Yuan" (a Japanese variant), which is pronounced as "ぇん", while 1 Wu = 100 yuan is formulated. The British name is "Japanese yen". International Organization for Standardization В17defines its standard code as JPY.
The Japanese yen (JPY) is expressed by, and the Japanese yen is expressed by adding an e after the number, for example, JPY10000e.