The strength of the yen has been one of the hottest topics in the tokyo summer, with the authorities last week stepping up verbal intervention after the currency hit a 15 year high againts the dollar.
The yen’s strength did not damage Japans april-june economic growth as the currency remained weaker than Y90.
But the yen factor is not all bad for the economy. Half of japans exports to china are invoiced in yen so those export companies hedge at least half their currency exposure for thses shipments.
Rise of the Yen
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