It would not surprise me to see the yen get slaughtered once the panic from the repatriation of capital back to Japan artificially keeps the rate keeps high in the very short term.
The Government is overgeared whilst the domestic sector is a massive net saver.
A conversion from domestic savings to domestic equity investment will be required to kick start redevelopment/reinvigoration.
With a massive overaged population a shift to a less protectionist/racist? use of foreign workers will also be required.(And don't expect Chinese assistance!)
This should kick start the economy but will take many months to implement and a destruction of the currency base beforehand.
Cheers, TAS
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