Report
TOE Alert: The Cost of the Weak Yen: 5% of Gross Domestic Income
posted by Richard Katz on May 05, 2015
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Headline
So, certainly, the falling yen of the past couple years is not the only cause of falling real incomes. Rather, it adds more straws on an already-overburdened camel’s back.
Abstract
The 30% depreciation of the yen could be lowering Japan’s standard of living by as much as 4-5%, according to the GDP figures.
About Richard Katz
Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.
Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.
Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.
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