Japan's weak-yen addiction is backfiring dramatically

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Mar 30, 2022
#Economics

William Pesek

@WilliamPesek

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William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."As the yen's

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Michael Pettis @michaelxpettis · Mar 30, 2022

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1/7 Good piece by William Pesek on why Japan's weak yen policy has been part of the problem, and not part of the solution. "A weaker yen did indeed boost gross domestic product and bequeathed corporate Japan with record profits," he notes.