Reuters: The yen is at its weakest level since 1986 - what that means for you | 8 Jul 2026 | Econ World

**1. Executive Briefing (TL;DR)** - **The Core Thesis:** The Japanese yen has plummeted to its lowest level against the US dollar since 1986, driven by persistent interest rate differentials, successive global energy shocks, and a continuous capital outflow to higher-yielding foreign assets via the carry trade. While the structural weakness creates severe cost-of-living and domestic business crises in Japan,…