The currency of Japan is back.
But with its central bank now planning to allow it to be used as a way to hedge against inflation, its return is now more than just a symbolic gesture.
The currency of the country of 1.3 billion is back in circulation.
In exchange, Japanese banks are permitted to make loans to foreigners and allow them to deposit foreign currency into the banks’ accounts.
The new policy is a big step toward restoring confidence in the yen, which has been hammered by a steep drop in the cost of imported goods, and the recovery in global stock markets.
The move comes amid a long-running debate over whether the central bank can allow the currency to be bought and sold freely.
It has the power to allow purchases of the currency at artificially low prices.
The issue has been a thorny one for the central banks of Japan, which have struggled to keep inflation low.
Many economists think the central bankers are too slow to intervene and too cautious in letting the yen fall.
The central bank has been trying to help the economy regain momentum by encouraging more domestic consumption, easing restrictions on the import of foreign goods, allowing more foreigners to live and work in Japan, and lowering the value of the yen.
The decision to allow foreign deposits into the bank’s accounts is part of the central government’s efforts to bring down the cost and to make it more convenient for Japanese companies to borrow overseas.
It is a measure designed to encourage investment, which is helping to boost the economy.