Monday, January 13, 2014
Abenomics, Japan's new financial policy, lowers Yen's rate to Dollars and Euros now by almost 40 per cent for these six months. But, it looks like something changes gradually this year. Foreign currency rates not only depend on economy but also on policies chosen by governments. Too weak Yen means weak political power of Japan's current administration. Actually not a small number of local small businesses run worse than last year. They are supporters of Abe's ruling party. These two to three months are a pivot of policy sift for the administration on currency operations.