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Hajime WATABE

Principal Economist

Equilibrium Exchange Rate

2021Q4: JPY NIKKEI EER 106.7 against USD

The actual market rate 113.7 yen, lower than the EER

Hajime WATABE
  Principal Economist
Takashi ONODERA
  Lead Economist

2022/05/23

The NIKKEI equilibrium exchange rate (EER) of the yen against the US dollar in the October-December period of 2021, calculated by Nikkei and the Japan Center for Economic Research, appreciated by 1.1

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