Finance in Japan

right|thumb|300px|Graph of yen versus us dollar over time thumb|300px|Yen real effective exchange rate, peaks are endaka thumb|300px|Japanese official foreign currency holdings (1952-2007) thumb|300px|Japanese official foreign currency holdings (1996-2007) Endaka (, lit. yen expensive) or Endaka Fukyo (, lit. yen expensive recession) is a state in which the value of the Japanese yen is high compared to other currencies. Since the economy of Japan is highly dependent on exports, this can cause Japan to fall into an economic recession.

Japanese Yen-denominated bond issued by a foreign entity

overview of the Japanese financial system