Narrow Effective Exchange Rate for Japan
NNJPBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.48
Year-over-Year Change
5.29%
Date Range
1/1/1964 - 6/1/2025
Summary
The Narrow Effective Exchange Rate for Japan measures the value of the Japanese yen relative to a basket of other major currencies. It is a key indicator of Japan's international competitiveness and trade position.
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 Narrow Effective Exchange Rate for Japan tracks the trade-weighted value of the yen against a selection of currencies from Japan's major trading partners. It provides insights into the yen's purchasing power and can signal shifts in Japan's trade dynamics and economic performance.
Methodology
The data is calculated by the Bank of Japan based on exchange rates and trade weights.
Historical Context
Policymakers and analysts monitor this exchange rate metric to assess Japan's macroeconomic conditions and guide decisions on monetary and trade policies.
Key Facts
- The base year for the index is 2010.
- Japan is a major exporter, so the exchange rate is crucial for its trade balance.
- The yen's value can impact inflation, consumer purchasing power, and corporate profits.
FAQs
Q: What does this economic trend measure?
A: The Narrow Effective Exchange Rate for Japan tracks the trade-weighted value of the Japanese yen against a basket of other major currencies.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric provides insights into Japan's international competitiveness and trade position, which are crucial for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Japan based on exchange rates and trade weights.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this exchange rate to assess Japan's macroeconomic conditions and guide decisions on monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be some delay between the reference period and the release date.
Related Trends
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JPNNAGICE01IXOBSAQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Japan
PRINTO01JPA661N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Japan
JPNPROINDMISMEI
Production: Industry: Total Industry Excluding Construction for Japan
PRINTO01JPQ657S
Production: Industry: Total Industry Excluding Construction for Japan
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Value Traded of Top 10 Traded Companies to Total Value Traded for Japan
DDAM01JPA156NWDB
Citation
U.S. Federal Reserve, Narrow Effective Exchange Rate for Japan (NNJPBIS), retrieved from FRED.