The infamous terrorist attacks on the United States have done much to alter the global economic landscape. But they have done nothing to change the economic problems Japan needs to tackle.
Indeed the very shifts that have occurred in the global scenery demand Japan get on with the job of getting its economic house in some kind of working order in a prompt fashion.
What the shocking and tragic events of Sept. 11 have done in economic terms is to turn the dollar from the safe haven of all safe-haven currencies into a prominent risk currency. That change in status is very much reflected in the latest developments in foreign exchange markets, where downward pressure on the dollar has been significant as well as persistent.