1. Take the time to carefully read and analyze The Rise and Fall of the Japanese Yen. You can download this Case Study from the Files section: Case Study Analysis #2_Japanese Yen_Ch10-11.doc2. Once you have completed the case analysis, answer each discussion questionindividually. The report must be at least 500 words in total.Q1: Why did the yen carry trade work during the early 2000s? Why did it stop working after 2008?Q2: What drove an increase in the value of the yen between 2008 and 2011?Q3: Why did the policy of the Abe government to purchase government securities help drive down the value of the yen? What was the mechanism at work here?Q4: Do you think the Japanese government is engaging in currency manipulation? If so, what should other nations do about this?Q5: Who in Japan benefits from a devaluation of the yen? Whom does this hurt in Japan?Q6: What does this case teach you about the way foreign exchange markets work?