Forex Flash: USD/JPY consolidating between 90-95 - Societe Generale

The economic challenges faced by many economies in the aftermath of the financial criis, especially in the Euro area, have brought the concept of ‘structural reforms’ squarely into focus. A combination of factors contribute to the implementation of reforms (such as the political environment and institutional quality), as does the need for reform itself (such as high indebtedness, crisis recovery, low growth and relatively moderate levels of efficiency). According to the Economics Research Team at Goldman Sachs, “Benchmarking countries of the Euro area periphery against these criteria suggests that there is a reasonable likelihood of them successfully undertaking such reform.”