The Zen of Yen
02/12/2013 | | currency devaluations, currency wars, e, Graphsandlaughs, inflation in Japan, Japan, Japanese economy, Japanese inflation, n, Yen
New Japanese Prime Mister Shinzo Abe has pushed the Yen down 15% against the dollar since 10/12 because of his insistence that the Bank of Japan create inflation by pumping more money into the economy. Moreover, the new Abe appointed Governor of the BoJ will enthusiastically embrace this new policy, unlike the outgoing Governor. Another reason why it’s happening, Japan is running trade deficits and a weaker yen boosts exports.