Discuss the significance of the yen's rise in relation to Japan's economic situation.
VOICED: Japan struggles to safeguard its fragile recovery
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10th Grade - University
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The Japanese economy faces significant challenges despite recovering from a recession in 2009. Unemployment is rising, and the youth are demotivated. The government has introduced an $11 billion stimulus and low-interest loans, but these measures have not stopped the yen's rise. Political instability and lack of leadership further erode confidence. Prime Minister Naoto Kan's leadership contest adds to the uncertainty, with Japan needing stability to avoid a double-dip recession.
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What impact did the leadership contest have on public confidence in Japan?
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