Stronger yen stymieing Bank of Japan's efforts to boost growth

The recent sharp rise in the value of the yen is complicating the task of the Bank of Japan as it looks to fight deflation and revive economic growth, argues Mary Nicola. For example, the Bank of Japan’s efforts to reflate the economy are being foiled by stronger yen and spurring wage growth will be tricky when inflation expectations and union wage demands are falling. Read to find out more.