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Japan's inconvenient (yen) truth threatens Abe-Trump honeymoon

Upcoming economic dialogue could show that the currency is indeed undervalued

The dialogue, to be led by Mr Aso and Mr Pence, will focus on issues such as economic policies, infrastructure, energy and trade. But trade is expected to loom large - and currency issues with it.


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

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