Yen at war

BlogDarvas Zsolt

Talks about currency wars have resurged since the recently elected Japanese Prime Minister Shinzo Abe declared war on deflation, using the heavy armament of fiscal stimulus and monetary easing. His moves have given rise to much controversy; see eg the recent Bruegel blog review and a video interview with Professor Mitsuhiro Fukao from Keio University.

As a result, the yen has depreciated sharply recent weeks. But how do the current yen exchange rates look like in a historical perspective?

Full article on Bruegel homepage

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