15 November 2023
Japanese investors, responding to the yen’s historic decline against the U.S. dollar, have driven the price of gold to a record high of ¥300,000. This surge, deviating significantly from the 30-year average of around ¥100,000, reflects a growing trend in Japan to use gold as a hedge against inflation. In response to escalating consumer prices, Prime Minister Fumio Kishida has rolled out a ¥17 trillion ($113 billion) stimulus package, featuring tax cuts, subsidies, and support for low-income households.