Japan – consumer confidence holding up
Rather than a currency crisis, the importance of the weaker JPY for the macroeconomy is via the purchasing power of consumers. In this respect, April consumer confidence isn't too bad: down a bit, but still well up from the lows.
If you find these Quick Take Charts interesting, you can sign up to receive them here:
And if you are interested in subscribing to our full research service, please get in touch for more details: paul@eastasiaecon.com