weak yen also impacts Japan

The weak yen also impacts Japan’s international transactions. It raises the costs of imports of food, fuels and other items. Yet the stimulus to exports is mitigated as many manufacturers relocated factories abroad during the strong yen period that lasted until 2012. Since the weak yen increases the cost of imports and has a tenuous impact on exports, it contributed to a trade deficit in 2024. But the weak yen raised the yen value of repatriated profitsand contributed to a 47 per cent increase in tourism. Primary income inflows and tourism revenues more than offset the trade deficit, pushing the overall Japanese current account to a surplus of 4 per cent of GDP. สล็อตเว็บตรง