Concerns over the fiscal trajectory are weakening the yen, thereby driving up import prices and exacerbating price pressures.
The rate of the yen against the US dollar displayed outside a securities firm in Tokyo, Japan, on Monday, Feb. 9, 2026. The yen was a touch weaker Monday as Japan’s Prime Minister Sanae Takaichi secured a historic election triumph, while Asian stocks looked set to open the week higher after Wall Street’s Friday rally. Photographer: Kiyoshi Ota/Bloomberg
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