11.12.2012 17:05

Yen Edges toward Brink

Those forecasting a reckoning for Japan's currency have been foiled before, but there are reasons to believe the situation has changed
By Andy Xie
 
a

Every time I come to Japan to attend a conference, I am reminded of what a depression looks like in the 21st century. This time is no different: shops are not busy, restaurant owners wait anxiously outside for customers and are usually disappointed, empty taxi cabs roam the streets. Two decades after its property bubble began to deflate, Japan remains mired in deflation and contraction.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Take Down

Zhou Yongkang's rise from rural China, the empire he built and the stunning decision to topple him


Issue 81
September, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Take Down
Zhou Yongkang's rise from rural China, the empire he built and the stunning decision to topple him
Issue 81
09.01.2014

Subscribe       |       Newsletter        |        FAQ