The Japanese Economy and the Yen
The Japanese yen has strengthened significantly against the U.S. dollar since mid-May, reflecting improved growth prospects for the Japanese economy. However, the potential impact of a stronger yen on Japanese exports has caused concern. Official efforts to weaken the Japanese currency through foreign-exchange intervention (selling yen) have been mostly unsuccessful.
Suggested citation: "The Japanese Economy and the Yen," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-10, pp. 18-19, 10.01.1999.