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Japanese yen at weakest level against Singapore dollar in more than a decade

Published on Dec 30, 2013 6:13 PM
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Employees of a foreign exchange company work under a screen displaying the Japanese yen's exchange rate against the US dollar in a dealing room in Tokyo on Monday, Dec 30, 2013. Moves by Japan's central bank to stimulate the economy have sent the yen plunging against the Singapore dollar. -- PHOTO: REUTERS

Moves by Japan's central bank to stimulate the economy have sent the yen plunging against the Singapore dollar.

The yen fell to its lowest level in more than a decade against the Singdollar on Monday.

One Singdollar bought about 68 yen a year ago. It now gets about 83 yen, an increase of more than 20 per cent.

This spells good news for Singapore businesses that import goods from Japan, as well as holidaymakers who have already been flocking to Japan to take advantage of the weaker currency.