12.01.2009 - A stronger Yen is pummeling Japan

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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