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
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

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

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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
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Japanese Prime Minister Shinzo Abe. Photo: EPA
Craig Mark
Opinion

Opinion

Craig Mark

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

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Japanese Prime Minister Shinzo Abe. Photo: EPA
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