Japan Moves to Devalue the Yen (Again) – Why it Won’t Work (Again)

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The old joke is that Japan’s Central Bank is so incompetent, it was unable to devalue its own currency during its Lost Decade (or Two), despite its best efforts. But that’s not stopping Japan’s finance ministry from giving its favorite pastime another go.  The yen has hit a 15-year high against the dollar – which […]

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