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Bank of Japan headquarters building in Tokyo amid surging Japanese yen exchange rates

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Japanese Yen Surges Past 142 Per Dollar as Incoming PM Shigeru Ishiba Backs BOJ Independence

The Japanese yen surged nearly 2% past 142.20 per US dollar after incoming Prime Minister Shigeru Ishiba defeated monetary dove Sanae Takaichi in the ruling LDP leadership runoff, reinforcing expectations for Bank of Japan policy independence.

Jerry Vasoya ·27 Sep 2026 ·3 min read