| From Ctv.ca: Japan’s currency has surged to its highest level in almost 16 years, further straining an economy in crisis. The yen gained as much as 0.9 per cent to 79.98 per U.S. dollar Wednesday as currency traders speculated that the Japanese government, insurers and other companies will have to repatriate billions invested overseas to pay for rebuilding.
Some estimates now peg the cost of the devastating earthquake, tsunami and continuing nuclear emergency at more than $180-billion (U.S.)..............................................Full Article: Source
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