Yen versus dollars
Published: 20 Apr. 2022, 17:13
![A Hana Bank employee fans out Japanese yen among a stack of U.S. dollars and the Japanese currency at the bank’s headquarters in Myeong-dong in central Seoul on Wednesday. The Japanese yen continued to weaken against the U.S. greenback amid the country reporting its biggest trade deficit in seven years in 2021: a deficit of 5.37 trillion yen ($42.4 billion). The weakening value of the Japanese currency is raising concerns among Korean exporters as Korean products could lose its competitive price advantage when competing with similar Japanese products overseas such as automobiles and steel. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2022/04/20/fb00c944-c784-445f-97a0-0e715ea5c8dd.jpg)
A Hana Bank employee fans out Japanese yen among a stack of U.S. dollars and the Japanese currency at the bank’s headquarters in Myeong-dong in central Seoul on Wednesday. The Japanese yen continued to weaken against the U.S. greenback amid the country reporting its biggest trade deficit in seven years in 2021: a deficit of 5.37 trillion yen ($42.4 billion). The weakening value of the Japanese currency is raising concerns among Korean exporters as Korean products could lose its competitive price advantage when competing with similar Japanese products overseas such as automobiles and steel. [YONHAP]
with the Korea JoongAng Daily
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