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The Good, the Bad and the Ugly of a Weaker JPY
A weaker JPY can be a bane and a blessing to Japan. It does have benefits for exporters, which can increase their earnings. The stock market has captured that sentiment as the stock market keeps rising. A weak currency in the long term can also bring about a higher cost of imports. For an island nation that depends on energy and food imports that could lead to higher prices not driven by consumers, therefore not positive to growth. There is a good, a bad and an ugly side to the weaker JPY: Next Week For Asia: The US Federal Reserve FOMC meeting captured the market’s attention last week. In the end everything came ... (full story)