PremiumYen Collapse Is Rapidly Eroding Japan's Global Relevance
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
By Mark Cudmore, Bloomberg Markets Live reporter and strategist
Germany’s economic output surpassed Japan’s in 2023, for the first time in more than 50 years. This was in a year when Germany’s economy shrunk, which just shows how Japan’s rapidly declining relevance is all about the currency impact. Or at least the most recent leg is.
In reality, it’s been a two-way, self-feeding process: The yen has been depreciating in recent years for valid fundamental reasons precisely because Japan’s economy has stagnated for much of the past three decades. The bill for tolerating zombie corporates and a massive debt pile is being delivered, and it’s the currency that is being forced to pay.
Loading...