Overseas wiring by Japan's foreign workers looms over yen

Effect of remittances could become too big to ignore in the future

20241205N sending money

Foreign nationals in Japan tend to wire more money overseas when the yen appreciates. (Unidos)

TAKAHISA TAMURA, Nikkei staff writer

TOKYO -- Remittances by foreign workers in Japan sending money back home could become a formidable force that puts downward pressure on the Japanese yen in the long run.

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