Yen Is Just a Facade: Japan Is Sinking in Its Own Structural Swamps
The yen's slide to multi-year lows has become currency traders' favorite scare story, but Japan's real economic troubles run much deeper. The falling currency is not the cause but the symptom: the country has spent decades accumulating imbalances that are now surfacing one after another, and the cheap yen merely highlights this chronic weakness.
A Demographic Time Bomb Without a Timer

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