Japan shows no signs of emerging from its recession, according to Hiromichi Shirakawa, chief economist of Credit Suisse in Japan. However, the government is attempting to make substantial steps to reverse the trend. Experts list high government debt, aging population and ongoing deflation for Japan's problems.
"The government has been taking more serious steps trying to reverse the currency markets and try to weaken the yen," Shirakawa said. "The BOJ, the Central Bank, is printing money more aggressively."
However, it seems that the yen will continue to be strong, with the Americans and the Europeans also flooding their markets with new money. (majirox news)
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