Japan’s economy contracted in the third quarter and may have slipped into recession, while November’s trade deficit widened nearly 38% from a year earlier. They need a weak yen to compete internationally. Japan has had almost two decades of deflation in part because the BOJ allowed it to happen and never fought it seriously until today. Deflation is the reason why Japan’s lost decade turned into two decades. Of course what we really need is that the governments of the world stop borrowing fake money from each other and return the money to the people to let the people care for each other.
Japan has far mor serious problems than a falling yen or the BOJ. It’s population is aging faster than any in the world, Japanese youth are depressed and according to most sources and polls “without hope” for a better futur, and about 1% of young men are “shut ins” literally not leaving their rooms for YEARS. This is not a yen or trade problem.