An elderly couple walk along the Nakamise shopping street in Tokyo, during a coronavirus state of emergency on May 17. Photo: EPA-EFE An elderly couple walk along the Nakamise shopping street in Tokyo, during a coronavirus state of emergency on May 17. Photo: EPA-EFE
An elderly couple walk along the Nakamise shopping street in Tokyo, during a coronavirus state of emergency on May 17. Photo: EPA-EFE
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

The yen is rising yet Japan’s economy is slumping. Call it pandemic economics

  • It might seem odd that an economy with as many problems as Japan’s should have a currency that enjoys safe-haven status. But, whenever international tensions rise or the global outlook darkens, the yen tends to appreciate

An elderly couple walk along the Nakamise shopping street in Tokyo, during a coronavirus state of emergency on May 17. Photo: EPA-EFE An elderly couple walk along the Nakamise shopping street in Tokyo, during a coronavirus state of emergency on May 17. Photo: EPA-EFE
An elderly couple walk along the Nakamise shopping street in Tokyo, during a coronavirus state of emergency on May 17. Photo: EPA-EFE
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