What is happening? Japan relies upon cheap yen to make its exports attractive. How much stronger can the yen get before the entire Japanese economy seizes up?
Deflation concerns, China, "Mrs. Watanabe" Forex speculation restrictions and soon to come : JPY repatriations...
The yen's recent strength poses a risk to Japan's economy and rapid rises in the currency could call for some "measures", a senior Japanese government official said on Thursday. "The yen's rise, waning government stimulus steps and slowing overseas economies are creating uncertainty for Japan's economic outlook," Keisuke Tsumura, a parliamentary secretary at the Cabinet Office, told reporters. A rapid rise in the yen that is not based on economic fundamentals could impact companies and consumers, and some "measures" to reduce such risks may need to be considered, he said, though he did not specify what kind of steps could be taken. (Reporting by Kaori Kaneko) http://www.reuters.com/article/idUSTKG00682120100812 "measures"...Let´s see.