TOKYO -- The yen's rapid slide against the U.S. dollar threatens to further squeeze the Japanese economy, driving up the cost of imported food and energy while raising the risk of labor and capital fleeing for more lucrative destinations.
Exports fail to take off despite weak currency as offshore production rises
The yen sank below 150 to the dollar on Oct. 20, its lowest since August 1990. © Reuters
TOKYO -- The yen's rapid slide against the U.S. dollar threatens to further squeeze the Japanese economy, driving up the cost of imported food and energy while raising the risk of labor and capital fleeing for more lucrative destinations.