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Japan is haunted by a return to emerging economy status
The battering sustained by the yen since January is causing alarm in some quarters.
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The yen tumbled to a 34-year low before the government appeared to barge in with over US$35 billion worth of currency support.
PHOTO: AFP
Leo Lewis
April was a testy month for Japan.
The yen tumbled to a 34-year low before the government appeared to barge in with more than US$35 billion (S$47.6 billion) worth of currency support. A prominent think-tank warned that well over a third of the country’s municipalities may vanish. A key industrial policy committee warned of chronic threats to national prosperity.
