Japan’s ‘currency war’ good for Asia

Despite dire warnings about the yen’s decline, most of Japan’s neighbours are net importers.

Japan’s ‘currency war’ good for Asia

 

Seen in its proper context, the yen’s recent decline is a move back to its pre-crisis levels rather than the start of a currency war or a beggar-thy-neighbour policy.

The strength of the move since September last year has drawn plenty of criticism in the region, particularly from Korea, but the truth is that most Asian countries are net importers from Japan and are benefiting from the weaker yen, having suffered...

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