February 25, 2014

Japanese yens 18 percent decline and higher inflation will hurt households

Design on Japanese tatami mat Copyright Peter Hanami 2005
Picture: Design on Japanese tatami mat 

¨ the yen's 18 per cent decline against the US dollar last year has led Toyota Motor and Mitsubishi Motors to forecast record profits, inflation driven by higher import costs is set to squeeze households¨

Source: Elusive J-curve threatens Abenomics
By Andy Sharp, Bloomberg
Australian Financial Review
Saturday February 22nd 2014, page 13

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