| The Japanese currency is sinking. On Thursday, the yen fell to a fresh seven-year low of 118.98 against the US dollar, two days after Prime Minister Shinzo Abe called a snap election and announced his decision to delay a sales-tax increase because Japan had fallen back into recession.
The yen has lost about 20 per cent of its value in the past two years - 8 per cent since the BOJ stunned markets on Oct. 31 by announcing it will expand its already massive asset-buying programme to try to stimulate the moribund economy. This had the effect of further weakening the yen and making Japanese exports less expensive to foreign buyers........................................Full Article: Source
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