Yen nears four-decade low, and Katayama issues warning 37.6%
The Japan Times - By Kazuaki Nagata - 6/19/2026, 8:49 AM
Confirmation Bias 17.1% - Quote-first Misdirection 11.2% - Post Hoc (False Cause) 10.5%
The yen blew through the ¥161-to-the-dollar mark overnight and approached levels not seen since the 1980s, though it pulled back just short of notching a multidecade record. “When we act, we will act decisively,” Finance Minister Satsuki Katayama said Friday after the Japanese currency swooned dramatically at about 3 p.m. Thursday in New... more