IMF Sees Weak Yen Beneficial For Japan’s Economy, Urges Gradual Rate Hikes
A weak yen is beneficial for Japan’s economy as the boost to exports exceeds the increase in import costs, the International Monetary Fund’s (IMF) Japan mission chief Nada Choueiri told Reuters on Friday. “Japan is a very outward-oriented economy, and a very open economy,” which means on a net basis, the benefit from rising exports […]