Japan's inconvenient (yen) truth threatens Abe-Trump honeymoon
Upcoming economic dialogue could show that the currency is indeed undervalued
Tokyo
AN inconvenient (and uncomfortable) truth is dawning upon Japanese prime minister Shinzo Abe's administration which is that, after four years of Abenomics policies, the world's third-largest economy is still as dependent now upon exports as it has been for decades.
The reason it is so inconvenient is that despite chummy relations Mr Abe claims to have struck up with US President Donald Trump during their recent golfing summit, a US-Japan economic dialogue due to kick off soon is likely to probe more deeply the source of Japan's export success.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Thailand to appoint former energy executive Pichai as finance minister, sources say
Consumer gulf widens as demand for premium and budget foods grows
‘To the Future’: Saudi Arabia spends big to become an AI superpower
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons