Swiss Economicblogs.org
Japanese central bankers are not in an enviable position. The year-over-year growth rate of the country’s core consumer price index was -0.4 percent in May, marking the third consecutive monthly decline—and this after three years of Abenomics. Brexit certainly hasn’t helped. The yen has strengthened from ¥121 to the dollar in February 2016 to ¥105 in late July. That’s had the effect of reducing import prices, but it has also put downward pressure on inflation. Japan economists on...
Read More »Blades Whirring Over Japan?
