Shoppers in Tokyo, Japan, on September 16. The Japanese currency could have a good deal further to fall before it bottoms out. Photo: Bloomberg
Shoppers in Tokyo, Japan, on September 16. The Japanese currency could have a good deal further to fall before it bottoms out. Photo: Bloomberg
Anthony Rowley
Opinion

Opinion

Anthony Rowley

Strong dollar crisis: what we can learn from Japan’s ‘weak’ yen

  • Rather than burning reserves to defend their currencies, countries should be conserving resources, given the looming debt and financial system crises
  • Better to let their currencies depreciate and suffer short-term pain now, to avoid worse later

Shoppers in Tokyo, Japan, on September 16. The Japanese currency could have a good deal further to fall before it bottoms out. Photo: Bloomberg
Shoppers in Tokyo, Japan, on September 16. The Japanese currency could have a good deal further to fall before it bottoms out. Photo: Bloomberg
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