| In the midst of the fallout from the UK’s decision to leave the EU last week, Japan has become a haven for investors. Instead of providing reassurance to Japanese policymakers, this flight to safety is threatening domestic growth and monetary stability. How should the authorities respond?
Prime Minister Shinzo Abe launched “Abenomics”, shortly after his victory in late 2012. Thereafter, the yen depreciated significantly, providing helpful relief to an economy struggling with chronic deflation and the aftermath of the global financial crisis..............................................Full Article: Source
|