I was just thinking with all of the tourists, in addition to all of the new immigration into Japan that the weak Yen may be intentional. I recall hearing something about how in the late 80s the international banking community used some finical tools to suffocate Japan's economy so I'm curious if there is something else going on with Japan right now.
I'm completely blind about what is going on with Japan in terms of its economic health. So curious if there are any explanations for Japan's weak Yen.
Japan is an export economy; they have intentionally kept the Yen weak for this reason. Japan also has very protective import rules, duties, and tariffs, to protect their domestic markets from external competition.
During the 1980s Japan scare, one of the proposed ideas to target scummy Japanese trade restrictions on imports was to mirror Japanese import laws against them. This is why so many Japanese car manufacturers now have plants in the US, they took this threat seriously.