Smashing the yen to save Japan

As Japan's withering trade competitiveness compounds its deflationary problems, Morgan Stanley's former chief Asian economist has warned a sharp currency devaluation is the only solution.

Japanese officials are no doubt breathing a sigh of relief as the yen has weakened against the US dollar this year, but one leading analyst is warning that the Japanese currency is set for a "day of reckoning” that will see it drop 30-40 per cent in value and cause major ripples for neighbouring countries such as China.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles