Running head: IMPACT OF BREXIT ON JAPANBrexit Impact on JapanStudent Name:Institution Affiliation:Date:BREXIT IMPACT ON JAPAN2Brexit Impact on JapanThe signaling of British voters in 2016 that they would be leaving the British Union didnot only trigger European markets but also the Japanese economy. The exit from the Europeanmarket has generally two effects related to the economy and immigration. The fact that the exitwill make Britain have an influence on world power, it is true that the economy will be able tofreely make decisions best suited for them without much control by the union as before. Othercountries have been affected by the exit directly or indirectly, one of them being Japan. Thecountry has for a long time being known for the failure of Abenomics, that is, economystagnation. It is my thought that, the Japan leaders will now blame Brexit for the failure ineconomy yet Abenomics was a total mess even before Brexit.The Japanese yen, Japans currency appreciated in value because investors who areusually risk averse opted for this currency which has long been known as traditionally safe. As aresult, the countrys prime minister gave directives to policymakers that they ensure marketstability is maintained (Wood & Budhwar, 2016). The Brexit led to the various moves towardsensuring currency stability. The yen was sold in more volumes to increase its supply whichwould lead to decreased prices of the currency after the surge in demand. Policym ...
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