The Japanese Yen (JPY) has hit its weakest level in recent history against the Malaysian Ringgit (RM), with RM1 equalling JPY37.94 on November 21. Just months ago, RM1 was worth JPY32.11.
Japanese Yen Hits Record Low
The decline follows expectations of a ¥20 trillion stimulus package under Prime Minister Sane Takichi, backed by low interest rates, and has also pushed the Yen to a 10‑month low against the US Dollar.
Malaysia’s RM, meanwhile, has been dubbed “Asia’s best-performing currency” by Prime Minister Anwar Ibrahim, supported by strong credit ratings. The favorable exchange rate is expected to boost Malaysian tourism to Japan, though Tokyo may intervene to stabilize its currency.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
