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The U.S. Treasury released its semiannual foreign exchange report in Washington on Thursday, issuing a warning about the persistent weakness of the Japanese yen. Citing Treasury data, the report stated that from the end of 2011 to the end of April 2026, the yen depreciated by about 51% both in terms of the real effective exchange rate and its rate against the U.S. dollar, thus concluding that "the yen is severely undervalued."

The U.S. Treasury released its semiannual foreign exchange report in Washington on Thursday, issuing a warning about the persistent weakness of the Japanese yen. Citing Treasury data, the report stated that from the end of 2011 to the end of April 2026, the yen depreciated by about 51% both in terms of the real effective exchange rate and its rate against the U.S. dollar, thus concluding that "the yen is severely undervalued."

智通财经智通财经2026/07/24 06:11
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```htmlThe US Treasury released its semiannual foreign exchange report in Washington on Thursday, issuing a warning about the continued weakness of the yen. The report, citing Treasury data, stated that from the end of 2011 to the end of April 2026, the yen has depreciated by approximately 51%, whether measured in terms of the real effective exchange rate or against the US dollar. Based on this, it concluded that "the yen is significantly undervalued."```
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