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Falling yen making Japan a precipitously poorer place

Summary by Ground News
Japan's terms of trade worsened for nine consecutive quarters after the second quarter of 2020. The rise in commodity prices was due to both the recovery of the global economy from the Covid-19 pandemic, and the supply shock stemming from Russia's invasion of Ukraine. The depreciation of the yen resulted from the United States and Europe pursuing monetary tightening policies.

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Asia TimesAsia Times
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Falling yen making Japan a precipitously poorer place

Japan’s terms of trade – the price of exports relative to the price of imports – worsened for nine consecutive quarters after the second quarter of 2020. National accounts showed import prices rose by 60.7% while export prices only rose by 27.7% during the same period. The reasons for this were two-fold. There was a […] The post Falling yen making Japan a precipitously poorer place appeared first on Asia Times.

·Hong Kong
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  • 100% of the sources lean Left
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Asia Times broke the news in Hong Kong on Saturday, October 7, 2023.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

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