Wednesday, March 25, 2015

Weak Yen and Strong Dollar: Mutually Exclusive

Mr. Haruhiko Kuroda have been asserting that weak Yen is good for Japanese economy. However, Professor Paul Krugman argues that strong Dollar is the weakness of the US economy in his weekly column in the New York Times--Strength is Weakness (13 March 2015). Weak Yen means strong Dollar and vice versa. These two currencies are mutually exclusive, so who is correct? That is the $1 or ¥120 question..........

Professor Paul Krugman's article: http://www.nytimes.com/2015/03/13/opinion/paul-krugman-strength-is-weakness.html


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