South Korea’s forecasts for faster growth and evidence of strength in sales from shipbuilders to carmakers are undercutting the nation’s warnings that neighboring Japan’s weakening yen poses a threat to its economy.
Finance Minister Hyun Oh Seok reiterated his country’s call this week that there should be international discussion on Japan’s policies, ahead of his departure to attend a meeting of Group of 20 finance chiefs in Moscow. The Bank of Korea’s own forecasts indicate little sign of danger from the yen’s drop, as it sees 4 percent growth in 2014, from 2.8 percent in 2013.