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Japan Stocks Set to Climb as Yen Hits 40-Year Low and Exporters Gain Support

Tokyo, 30 June 2026 – Japanese stocks were set to advance as the yen weakened to its lowest level in about four decades, giving exporters a fresh earnings tailwind even as currency weakness raised the risk of official intervention.

The yen fell to around 161.97 against the US dollar, its weakest level since 1986, as investors continued to price in a wide interest-rate gap between Japan and the United States. The move came as global markets rebounded, supported by gains in technology stocks and improved risk appetite.

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Author

  • Kenji Yamamoto is a Senior Fellow at The Ledger Asia, where he explores the critical nexus of Asian international relations, economic development, and environmental sustainability. With extensive experience in cross-border policy analysis, Kenji provides a unique perspective on how diplomatic alliances and green energy transitions drive long-term growth across the Asia-Pacific.

    Previously an advisor for regional development banks, he specializes in sustainable infrastructure and the circular economy’s role in modernizing emerging markets. At The Ledger Asia, Kenji’s deep-dive reports help readers navigate the complex balance between rapid industrialization and the global imperative for climate resilience and corporate responsibility.

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