Yen's purchasing power hits all-time low, at one-third of peak

Japanese households see annual costs rise $560 on costlier food and energy

20240628N Weak yen food

Imported foods such as U.S. beef for gyudon beef bowls, center, are becoming more expensive for Japan's companies and consumers. (Source photos by Nikkei)

RYO SAEKI, HISASHI TSUTSUI and TAKUMI SASAKI, Nikkei staff writers

TOKYO -- Japanese households face a 90,000 yen ($560) increase in their yearly expenses from higher prices for food and energy imports, one estimate shows, as the country's weak currency drains purchasing power.

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