TOKYO -- The yen's purchasing power has fallen to a historic low as it continues to lose value against the dollar and other currencies amid prolonged deflation at home.
Currencies
Yen's buying power sinks to all-time low amid sustained deflation
Currency drops below 1970 value, raising travel and import costs for Japanese
The yen's purchasing power is now weaker than that in 1970, when the exchange rate was fixed to 360 to the dollar. (Photo by Wataru Ito)
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