Japan’s economy has been boosted by the fall in the value of its currency

Japan’s economy strengthened during the 3rd quarter of 2023 due to the fall in the value of the yen.

This is because exports increased as consumers in other countries benefited financially from it. This is because, monetarily, Japanese products became cheaper.

Japan’s economy is the 3rd largest in the world and grew by 6% during the period we reported.

The yen lost 10% of its value against the US dollar for the year 2023.

This also helped to increase tourism.

[Source: http://www.bbc.com]