alt Hacker NewsIt is not completely but part of the reason Japan wants to defend it's currency is inflation because of increase in energy prices.
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rayiner • today at 2:56 PM
The devaluation of the Yen against the dollar (from the typical 110:1 to these days 150:1) started around 2021 and has been a source of angst in Japan for quite some time. People were complaining about it constantly when I was last in Tokyo in December 2025, when oil was at $70/barrel.
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In the sense that weak currency makes everything you buy from foreign partners more expensive, sure.
The place where you go wrong is drawing a straight line to the US actions in Iran. They’re not directly connected.