Japanese Yen Hits Two-Week Low As Trade Deficit Expands

Japan’s Yen has hit its lowest level against the dollar since the first week of April on fears that the country’s trade deficit might be expanding at a consistently higher rate than expected. Japan’s cheapening of the Yen in order to fuel export growth appears to have hit a snag, and there appear to be fewer and fewer options left to the country’s government as it tries to lever the country out of a twenty-year slump. Japan’s economy was the most celebrated in the world during the 1970s and 1980s, but the Asian tiger has failed to navigate worsening demographics,…