The yen is plummeting and inflation is climbing, but Japan’s economic circumstances have led to a view that raising rates would do more harm than good.
Tag: Kuroda, Haruhiko
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Japan Has Long Sought More Inflation and a Weak Yen. But Not Like This.
Rapidly rising food and energy costs, coupled with a plunging yen that has hit a 20-year low against the dollar, are weighing on a Japanese economy struggling to emerge from the pandemic.