For Japan to Grow, It Must Put Ceiling on the Yen

With Japan in the center of conflicts with China and North Korea, itâ??s vital to both our nations that Japan stop its recession and increase its weak business investment.  During his current visit to the U.S., Japanâ??s new prime minister Shinzo Abe should be encouraged to shift strategies on the yen.  Rather than trying to make the yen weak, Japan should set a ceiling on the yen as Switzerland does on the franc.  This is a more powerful growth strategy. Whereas the current strategy risks malaise, a ceiling would cause an economic boom in Japan as it has in Switzerland.