The Japanese Yen

The Japanese yen is sinking as part of what seems to be a deliberate attempt by the Bank of Japan to bolster the country's export-focused economy. While there was some initial political hesitation to flood the country with more yen in order to gain an advantage in the international market, a meeting with G-20 leaders all promising not to decrease their own currencies was the nod needed for the BoJ to go forward with their aggressive plan. While it had the desired effect of bolstering the Nikkei 225 (the index for the Tokyo Stock Exchange), the  long-term effects of the weakened yen are yet to be seen.