The yen decline may be the one part of Abenomics that has gone right, or has it. The yen continues to fall which is what was wanted and needed for Japan, but much of this has to do with a strong dollar and the end of QE by the Fed as much as the QE program in Japan. The stronger relative economic performance in the US has also helped the yen decline. Japan inflation has not increased as expected. Japan now needs to see an increase in exports.
The idea of a yen fall was to create an environment for greater exports and more growth. If you get higher import prices but no growth all you have is lower real income which is not the plan. There is a difference between a steady decline and a yen fall-off and right now we have the later.
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