Japanese Yen devalued.

 
For the first time since 1990, the Japanese Yen weakens to 160 against the US Dollar. This comes as the Bank of Japan kept interest rates near 0% even as their currency is sliding. Last month, the Bank of Japan raised interest rates for the first time since 2007.Still, their currency has lost nearly 20% of its purchasing power against the US Dollar over the last year. Exports jumped 7% and imports fell by 7%. Japan registered a positive balance of payment.