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Equilibrium Exchange Rate

2022Q3: JPY NIKKEI EER 123.8 against USD

The actual market rate 138.3 yen, lower than the EER

Hajime WATABE
  Principal Economist
Takashi ONODERA
  Lead Economist

2023/03/06

The NIKKEI equilibrium exchange rate (EER) of the yen against the US dollar in the July-September period of 2022, calculated by Nikkei and the Japan Center for Economic Research, depreciated by about 8 yen from the previous period to 1 dollar = 123.8 yen.

2023/04/19

2022Q4: JPY NIKKEI EER 135.9 against USD

The actual market rate 141.5 yen, lower than the EER

Hajime WATABETakashi ONODERA

2023/03/06

2022Q3: JPY NIKKEI EER 123.8 against USD

The actual market rate 138.3 yen, lower than the EER

Hajime WATABETakashi ONODERA

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