24 Jun 2022
International Economy
Japan's currency has been weakening and hit a 24-year low at Yen 136.24 per USD (as of June 22, 2022), declining 17.1 percent compared to early 2022. Compared to other major currencies, the Yen saw the steepest depreciation, and has signaled a continued drop throughout the rest of the year. The global upward interest rate trend, plus domestic inflationary pressure, are factors which have adversely affected Japan’s production and consumption. It is expected that Japan’s economy will grow 2.1 percent in 2022. For the remainder of 2022, close attention should be paid to movements of the Yen as well as external factors from the global economy – these could put more pressure on Japan’s economy late this year and more prominently in 2023. ... Read more
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A major implication of the EU-Japan Economic Partnership Agreement, the ‘EU-Japan FTA', is that it will further liberalize the ... Read more
A major implication of the EU-Japan Economic Partnership Agreement, the ‘EU-Japan FTA’, is that it will further liberalize the Japanese agricultural market for EU farm produce. Japan is one of the world’s most protected farm produce markets. The agreement may lead to trade diversion of Thai agricultural food exports to Japan. Once the EU-Japan FTA lowers tariff barriers for EU products entering the Japanese market, that could affect the Thai agricultural and agro-processed exports sent there now, even though Thai products are relatively competitive in international markets.... Read more
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