Pinning Japan's hopes on a weaker yen is seen as misguided

02/3/2013 | Wall Street Journal, The

A weaker yen won't do much to address Japan's fundamental economic problems, including largely unaddressed concerns over the country's rapidly aging population, analysts say. "Hopes that yet more fiscal stimulus will transform the prospects for Japan's economy, or at least make a meaningful difference to GDP in the next year or so, are overdone," said Julian Jessop, chief global economist of Capital Economics, in a research report.

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