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Japan
Publication year - 2016
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12234
Subject(s) - referendum , brexit , us dollar , liberian dollar , volatility (finance) , economics , index (typography) , economic history , demographic economics , political science , international economics , monetary economics , currency , european union , finance , law , politics , world wide web , computer science
The immediate post‐Brexit volatility has diminished with the Topix index regaining all the 8% it lost on the day of the referendum result. In addition, the yen has fallen back from a 30‐month high of ¥101 to the US dollar, but at around ¥105 it has still risen by some 12% so far this year. Meanwhile, a snap poll in the immediate aftermath of the UK referendum vote to leave the EU showed almost half of Japanese businesses expecting a deterioration in business conditions.