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A stronger Yen is pummeling Japan

Posted on 12 January 2009

From Businessweek.com: With exports suffering and consumers at home not spending, the government may have to intervene to hold down the currency and prop up the economy.

The Japanese economy contracted 0.6% in 2008 and may fall a further 4.6% this year, according to Barclays Capital (BCS). The Tokyo bourse finished 2008 down a record 42%. And as the yen has surged in value in recent months, global demand for Japanese cars, TVs, and other products has plummeted….. Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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