Adam Hawkins comments
Posted in: Record-low yen risks turning Japan into a 'poor country' See in context
It seems that opening the country up would relieve a lot of economic pressure and hopefully keep the yen from tanking.
The tourism sector raked in ¥5.1 trillion during 2019. This would go a fair way to stabilising the currency, not to mention creating more jobs and putting more money in Japanese pockets, which is never a bad thing.
Abenomics worked for a while but the stubbornness of the LDP to continue with it and BOJ keeping interest rates so low has become detrimental to the wider economy.
As anyone who has spent time in Japan can attest, change won't come anytime soon.
2 ( +10 / -8 )
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