Japan¡¯s foreign workers have found their ability to save and send money home curtailed in recent months as the yen¡¯s rapid slide against the dollar erodes the value of overseas remittances ¡ª a cause of concern for the individuals themselves and for some of the nation¡¯s small and medium-size business owners.
From a starting point of ?115 to the dollar at the beginning of the year, the yen reached a three-decade low of almost ?152 to the dollar at the end of last month. And despite the Bank of Japan¡¯s reported purchase of ?6.35 trillion ($42.3 billion) in stealth currency intervention measures throughout October, the yen is still hovering at around ?147 to the dollar.
Nepalese data entry operator Sajani Shahi, 30, said the yen¡¯s fall has impacted her plans to send money home to her family each month.
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