The Yen

A detailed Summary of The Yen


The Japanese Yen has depreciated sharply through 2001against the US dollar. The currency hit its lowest level in over three years against the dollar pushing above ¥135 in late January. Japan is a recession-hit economy suffering from weak demand, falling consumer spending and accelerating deflation. With Japan's deepening economic woes there is a bleak outlook for the strength of the Yen for 2002 and 2003.

Currently Prime Minister Koizumi and the Japanese government are about to release an economic reform plan directed at Japanese bank bad loans, unemployment and monetary policy.

Major Japanese banks currently have massive bad loans. Koizumi has to decide on whether public money should be used to help clean them up or leave th



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Approximate Word count = 499
Approximate Pages = 2 (250 words per page double spaced)

Category: Politics

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