- won’t comment on specific yen levels
- in general weak yen pushes up import costs and hurts small companies while exporters
Japanese PM giving us a quick lesson in basic economics
- export declines have stopped due to weak yen since Abenomics introduced
- hopes firms are beginning to shift investment back home
USDJPY unchanged at 109.50
Good ol’ Abenomics. You can’t please ‘em all
