Still yenning for a breakthrough

Dragging Japan out of its deflation mindset is proving tough, despite the tumbling yen and Bank of Japan’s determined programme of quantitative easing.

When the yen was stubbornly stuck near record highs in late 2012, policymakers and corporate leaders agreed that the strong currency was crippling Japan’s manufacturers and dragging down the broader economy.

¬ Haymarket Media Limited. All rights reserved.

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