Shocking Revelation: Did Japan’s Secret Economic Plan Actually Work? đ€
The question going forward is kind of did this work let’s go ahead and take a look back at some of this data in retrospect so if we look at this graph of annual GDP growth in Japan we can see that the 2010s weren’t too different from the 2000s so in terms of overall
GDP growth it didn’t really have much of an effect but then you pull up a chart of the exchange rate between uh Japanese Yen and the US dollar and we can see that from about mid 2015 through to the beginning of 2021 the Yen basically did nothing but declined against the dollar
Now that is a great thing for the Japanese economy because what that’s going to do is make their exports much more competitive if the yen is falling compared to the dollar then Japanese goods are going to be relatively cheaper when purchas in US dollars so obviously
That’s going to uh kind of spur GDP growth on the NX of the net export side of things now clearly when we look at overall GDP growth the impact wasn’t really enough to make just about any difference whatsoever
Uncover the truth behind Japan’s bold economic strategy and its impact on GDP growth! Dive deep into the data as we analyze the effectiveness of Japan’s measures in retrospect. Witness the surprising revelations as we examine the exchange rate dynamics between the Japanese Yen and the US Dollar. Discover how this decline in the yen boosted Japan’s exports and affected GDP growth. Don’t miss out on this eye-opening analysis – watch now and stay ahead of the economic curve! đŒđ #JapanEconomy #GDPGrowth #EconomicStrategy