The Japanese have a yen for keeping their currency from growing too strong. Now the nation's central bank is doing something about it.
Following an emergency meeting of the Bank of Japan yesterday, news emerged that the bank will introduce 10 trillion new yen into the nation's economy, to make it easier for businesses to borrow money and to improve overall economic liquidity. Since Japan is an export-dependent economy, a strong yen means that other countries are likely to become less eager to buy increasingly expensive Japanese products.
Japanese shares rose on the news, led by modest gains at automakers Toyota
How do you see events playing out? Will weakening the yen help Japan's economy? If so, how will its trade partners benefit? Let us know in the comments box below.
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