Weaker JPY means better Japan economic recovery (cheaper to rebuy and people still buy Japan). Therefore, less negative impact on their GDP and their level of economic activity makes it that there will be a smaller impact on the world economy so it is bullinsh america. My 2 cents.
This is true but it is also offset somewhat by the dollar strength (they were buying dollars)... We would benefit from lower Oil and Commodities, but thats not happening anytime soon thanks to the no fly zone.....