The Yo-Yo Yen : And the Future of the Japanese Economy

The violent fluctuations of the Japanese Yen through the 1980s and 1990s have played a critical role in Japan's economic decline. Brendan Brown highlights the causes of the yen's bizarre behavior, and analyzes the consequences for the Japanese and global economies. Through this analysis he presents an original hypothesis, linking the periodic sharp upswings of the Yen to poor economic performance and offers a new view as to where the responsibility for failure of the Japanese currency market to function normally lies. "The violent fluctuations of the Japanese yen through the 1980s and 1990s have played a critical role in Japan's economic decline. Brendan Brown highlights the causes of the yen's bizarre behaviour, and analyses the consequences for the Japanese economy. Through this analysis he presents an original hypothesis, linking the periodic sharp upswings of the yen to poor economic performance, and offers a new view as to where the responsibility lies for the failure of the Japanese currency market to function normally." "Through his analysis, Brown demonstrates how borrowers and investors, exporters and importers, can best deal with one of the major financial risks in the world - the behaviour of the yen."--Jacket The violent fluctuations of the Japanese yen through the 1980s and 1990s have played a critical role in Japan's economic decline. Brendan Brown highlights the causes of the yen's bizzare behaviour, and analyses the consequences for the Japanese and global economies. Through this analysis he presents an original hypothesis, linking the periodic sharp upswings of the Yen to poor economic performance and offers a new view as to where the responsibility for failure of the Japanese currency market to function normally lies. The violent fluctuations of the Japanese yen through the 1980s and 1990s have played a critical role in Japan's economic decline. Brendan Brown highlights the causes of the yen's bizarre behaviour, and analyzes the consequences for the Japanese and global economies. Through this analysis he presents an original hypothesis, linking the periodic sharp upswings of the yen to poor economic performance and offers a new view as to where the responsibility for failure of the Japanese currency market to function normally lies Front Matter....Pages i-xxxvi Introduction....Pages 1-4 Historic Roots of the Yo-Yo Yen (1859–1949)....Pages 5-29 A Brief History of the Modern Yen (1960–87)....Pages 30-62 Who Pulls the String of the Yo-Yo Yen?....Pages 63-115 From Bubble Economy to Yen Bubble (1988–93)....Pages 116-162 Yen Opportunity Gained and Lost (1993–2000)....Pages 163-214 What To Do About the Yo-Yo Yen?....Pages 215-239 Back Matter....Pages 240-259 Brendan Brown ; Foreword By Robert Z. Aliber. Includes Bibliographical References (p. 240-243) And Index. The pre-historical period of the Japanese yen begins and ends with critical decisions made by the USA.