Historically Low Yen: Challenges Faced by Japan’s
Challenges Faced by Japan's Foreign Workforce due to Historically Low Yen
Japan's historically low yen has had a significant impact on its foreign workforce, presenting a range of challenges for those employed in the country. The yen's value has been declining for several years, reaching its lowest point in 2016. While a weak yen can benefit certain sectors of the economy, it poses unique difficulties for foreign workers. In this article, we will explore the challenges faced by Japan's foreign workforce due to the historically low yen and discuss potential solutions to mitigate these issues.
1. Decreased Purchasing Power
One of the most significant challenges faced by foreign workers in Japan due to the low yen is decreased purchasing power. As the value of the yen decreases, the cost o...