Broad Effective Exchange Rate for Japan
NBJPBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.49
Year-over-Year Change
6.12%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Japan measures the strength of the Japanese yen relative to a trade-weighted basket of other currencies. It is a key indicator of Japan's international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Broad Effective Exchange Rate is an index that tracks the weighted-average value of the Japanese yen against a group of trading partner currencies. It provides a comprehensive gauge of the yen's purchasing power and helps economists assess Japan's trade and financial position.
Methodology
The data is calculated by the Bank for International Settlements based on exchange rate movements and trade volumes.
Historical Context
Policymakers and analysts use this index to monitor Japan's export performance and guide macroeconomic decisions.
Key Facts
- The base year for the index is 2010 = 100.
- Japan is a major exporter, so the exchange rate is crucial for its trade balance.
- Fluctuations in the broad rate can impact Japan's inflation and employment.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Japan measures the strength of the Japanese yen relative to a trade-weighted basket of other currencies.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive gauge of the yen's purchasing power and helps economists assess Japan's trade and financial position.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements based on exchange rate movements and trade volumes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor Japan's export performance and guide macroeconomic decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with no significant update delays.
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Credit to Government and State-Owned Enterprises to GDP for Japan
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Japan (NBJPBIS), retrieved from FRED.