Monday, May 12, 2014

Japanese yens 14 percent decline and high inflation set to hurt households



Design on Japanese tatami mat Copyright Peter Hanami 2005
Picture: Design on Japanese tatami mat 




¨ the yen's 18 per cent decline against the US dollar last year has led Toyota Motor and Mitsubishi Motors to forecast record profits, inflation driven by higher import costs is set to squeeze households¨


Source: Elusive J-curve threatens Abenomics
By Andy Sharp, Bloomberg
Australian Financial Review
Saturday February 22nd 2014, page 13