In the News
Japan economy unexpectedly shrinks after yen slide
For once, fantastic timing! My classes have just completed a Data Response question about Japan and will be looking at another which asks about the consequences for an economy of a strong currency.
As this BBC news article highlights, more of then that not, a strong currency doesn't have the adverse effects on growth than some seem to think that it does. For example, in this piece, it is the relative weakness of the yen that has triggered the slowdown in the Japanese economy with consumers cutting back spending during a cost of living crisis.
As a result, much like the UK, Japan's economy has started to shrink , although the Japan economist quoted seems to see this a more of a blip than the start of a recession.