Report
TOE Alert: The Cost of the Weak Yen: 5% of Gross Domestic Income
posted by Richard Katz on May 05, 2015
Report Cover
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.