The futures on the Japanese Yen are at a 23 year low. How 'low' can the Yen go without any intervention by the Bank of Japan? Japan could return to its 1970's economy of high prices, scarcity and a poor middle class.

How low can the Japanese YEN go?  Well pertaining to one of the most odd economic experiments in history, when Japan allowed their fiscal policy intertwine with a monetary policy to become one, in the sense that the Bank of Japan has to perpetually under writing the whole Japanese economy.  Turning it into a crony-economic system like none other.   So, as two decades of excesses in global economics, ala loose momentary systems, money printing and an almost paranoid fear of deflation, have assisted in the biggest wave of inflation seen in over 40 years.   Every country on Earth is now faced with climbing costs, which has also been blamed on the Covid-19 pandemic, but supply chains have been crunching for awhile, which has been attributed by extreme weather events (climate change) and other events such as cyber attacks and human folly.

And a deflation stricken Japan will not be able to justify a loose monetary stance ad Infinium, if the YEN collapses to the point no one will want to hold the Japanese YEN, the country will enter a crisis of confidence, which and I agree with the article from Japan Today, could turn Japan into a poorer nation.   With the 1970s being the history doesn't repeat it rhymes mantra, of high costs of living, political turmoil and hording of toilet paper (?) .  

Chart above shows the Japan futures, showing a 23 year low for the Yen as it has slid through the February 2022 0.008 support.  Essentially in freefall, while Japan, as it has done before and other countries are beginning to going to do the same, by offering widespread stimulus programs to handle inflation.  Low income Japanese citizens will receive 50,000 Yen ($347 USD) to assist with extra costs.  A token amount, but overall it will make the inflation fight harder and more drawn out.