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Japan struggles to stabilize the yen amid record public debt

The Japanese yen continues to depreciate against major global currencies.

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The fact

The Bank of Japan hesitates to raise interest rates due to colossal public debt.

This situation fuels fears of a monetary crisis in the world’s third-largest economy.

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Why it matters

Une dépréciation prolongée du yen pourrait aggraver l’inflation importée et peser sur le pouvoir d’achat des ménages japonais, tout en fragilisant les équilibres économiques régionaux.

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Auto-synthesis from 1 media source · identified on August 23, 2026
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