The Bank of Japan, reflected in the glass wall of its adjunct museum in Tokyo. Historically low to negative interest rates have forced Japanese investors to seek returns outside Japan. Photo: AP
Opinion
Opinion
Macroscope
How the Japanese yen stays strong despite a faltering domestic economy
- The yen’s strength derives from its safe-haven status and the fact that much of Japan’s wealth is held overseas, in foreign assets and currencies; in a crisis, investors repatriate the yen, boosting its demand and giving it strength
The Bank of Japan, reflected in the glass wall of its adjunct museum in Tokyo. Historically low to negative interest rates have forced Japanese investors to seek returns outside Japan. Photo: AP
Japanese Prime Minister Shinzo Abe. Photo: EPA
Opinion
Opinion
Abe is Japan’s longest-serving PM. Is that the extent of his legacy?
- The premier has broken a century-old record for political longevity – but despite domestic comebacks and foreign policy wins, a succession of scandals and his mixed results with the economy will live long in the memory
Japanese Prime Minister Shinzo Abe. Photo: EPA