29.12.2008 - Japanese Yen: An excessively strong currency spells recession
From Seekingalpha.com: Japan saw its industrial output falling 8.1 percent from October. Another 8 percent decline is expected in December. The chief economist at Macquarie Securities in Tokyo says, "Exports and industrial production are falling so extraordinarily quickly that it almost defies analysis." The Yen is extraordinarily strong this year, having appreciated close to 25-30% against a basket of currencies..... Full Article: Source