The Yo-Yo Yen: And the Future of the Japanese Economy
Author: Brendan Brown
List Price: $69.95
Our Price: Click to see the latest and low price
ISBN: 0333929497
Publisher: Palgrave Macmillan (06 September, 2002)
Sales Rank: 1,206,628
Average Customer Rating: 3 out of 5
Customer Reviews
Rating: 3 out of 5
An exhaustive history of Yen, and the blunders of BOJ
Abundant of data, charts and historical records, this book can be a good resource for interested economists, government officials and historians about the longest and still ongoing deflation period of the last century. The exceptionally long 26 page foreword by the Chicago U Professor Robert Aliber also gives any green reader a good summary of the existing economic structure of Japan. However, as a professional trader with heavy trading in dollar yen for nearly a decade, I dont find the book useful. The so claimed original hypotheses which link the periodic sharp upswings of the yen to poor economic performance and the arrogance of BOJ governors, are definitely nothing new. Contrary to what printed in the back cover, no practical advice had been offered to investors at all. The future of yen is still at the mercy of the BOJ governor, if not God, when no fundamental change of the existing bureaucracy is within sight.
In short, if you want a resource book, this is okay. If you want a trading or investment book, look somewhere else.
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