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Equilibrium Exchange Rate

2021Q3: JPY NIKKEI EER 105.4 against USD

The actual market rate 110.1 yen, lower than the EER

Hajime WATABE
  Principal Economist
Takashi ONODERA
  Lead Economist

2022/01/31

The NIKKEI equilibrium exchange rate (EER) of the yen against the US dollar in the July-September period of 2021, calculated by Nikkei and the Japan Center for Economic Research, depreciated by more than 4 yen from the previous period to 1 dollar = 105.4 yen.

2022/11/07

2022Q2: JPY NIKKEI EER 112.8 against USD

The actual market rate 129.9 yen, lower than the EER

Hajime WATABETakashi ONODERA

2022/07/18

2022Q1: JPY NIKKEI EER 109.7 against USD

The actual market rate 116.3 yen, lower than the EER

Hajime WATABETakashi ONODERA

2022/05/23

2021Q4: JPY NIKKEI EER 106.7 against USD

The actual market rate 113.7 yen, lower than the EER

Hajime WATABETakashi ONODERA

2022/01/31

2021Q3: JPY NIKKEI EER 105.4 against USD

The actual market rate 110.1 yen, lower than the EER

Hajime WATABETakashi ONODERA

2021/11/22

2021Q2: JPY NIKKEI EER 99.8 against USD

The actual market rate 109.4 yen, lower than the EER

Hajime WATABETakashi ONODERA