Japan Forfeits 30 Years to the Gyrations of the Yen

Author: Tsuchiya Hideo

Categories: In-Depth with Nippon.com

What was once called Japan’s lost decade has now persisted for much longer than 10 years. Despite hopes that the policies of Abenomics would generate a virtuous circle of recovery, turmoil overtook the world economy before they could do so. The yen appreciated, stock prices fell, and it does not seem likely that the negative interest rate of the Bank of Japan will resuscitate the economy.

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