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Takashi ONODERA

Lead Economist

Equilibrium Exchange Rate

2022Q1: JPY NIKKEI EER 109.7 against USD

The actual market rate 116.3 yen, lower than the EER

Hajime WATABE
  Principal Economist
Takashi ONODERA
  Lead Economist

2022/07/18

The NIKKEI equilibrium exchange rate (EER) of the yen against the US dollar in the January-March period of 2022, calculated by Nikkei and the Japan Center for Economic Research, depreciated by about 3

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