Question
Celestila Moonn opens The Wall Street Journal and finds that in Japan the capital markets surged recently, benefiting from Prime MinisterShinzo Abe and the Bank
Celestila Moonn opens The Wall Street Journal and finds that in Japan the capital markets surged recently, benefiting from Prime MinisterShinzo Abe and the Bank of Japans aggressive policies designed to stimulate economic growth and lift the country out of deflation. Moon was wondering in response to these polices, whether Japanese yen will appreciate or depreciate relative to U.S. dollar. In order to clear her concepts on foreign exchange markets,Moonn opens the text and after completing the chapter 31 readings,Moonn ponders whether the exchange rate changes between the U.S. dollar and the Japanese yen necessarily good or bad for Japanese automakers. Briefly discuss whether strong or weak yen would benefit Japanese automakers.
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