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Fortune
Fortune
Jason Ma

The yen is quietly crashing as Japan’s debt crisis bleeds into currency markets, and efforts to halt the slide are 'doomed to fail,' economist says

(Credit: Toru Hanai/Bloomberg via Getty Images)

Japan’s yen is resembling a slow-motion train wreck as it remains stuck near 40-year lows, and there could be even more downside ahead.

On Monday, the yen was down 0.58% at 162.30 per dollar. It’s fallen 3.6% so far in 2026 and nearly 11% from a year ago.

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