| Abenomics, the economic reform authored by Japan’s Prime Minister Shinzo Abe, is composed of three parts. So far, easing monetary policy has been the only effective weapon of the trio, and now even this under threat.
For the last three years, the yen has devalued dramatically against the Chinese renminbi, falling from highs of 0.08 yuan per yen to just 0.05 at the start 2015. It’s been an aid to noncompetitive Japanese exports and also increased terms of trade with China; the trade that contributes 13% more to GDP than Japanese trade with the United States...............................................Full Article: Source
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