by Jason Simpkins
A familiar face swung by Japan this week, former Federal Reserve Chairman Ben Bernanke… “Helicopter Ben” to his friends.
Bernanke met with Bank of Japan Gov. Haruhiko Kuroda about the plight of the country’s economy and its currency.
Japan’s economy has been weak for a very long time. But slowing global growth and the looming “Brexit” have raised even more alarms than usual. A major exporter, Japan relies more than most on external growth. It also needs a weak currency to compete with the likes of China, South Korea, and other Asian exporters. Unfortunately for Japan, the yen has been stengthened by the global retreat from euros and British pound sterling.