The recent slump in the yen has lifted the yen-value of foreign assets and associated income streams. We estimate that the government’s net debt has fallen by 11% of GDP since the US election as the value of its overseas assets has increased. Meanwhile, banks and other financial corporations should see an increase in income from rising interest rates. However, for households the benefits will be very small.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services