December 16, 2015

Yen depreciation against the US dollar 30 per cent since 2013

Japanese Katsu Curry Meal copyright peter hanami 2007
Picture: Japanese Katsu Curry Meal

“since December 2013, when Shinzo Abe was elected…on a platform of spurring inflation by weakening the yen, its US government debt holdings have risen $US113.2 billion…The yen declines 30 per cent in value to 119 per US dollar”

Source: Japan talks US debt holder crown by Kasia Klimasinka and Daniel Kruger, Australian Financial Review, Friday April 17th, 2015, page 29.

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