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Japan forex move exceeds Y9 trillion

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© 2011 AFP

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Concerns are growing in Japan that the strong currency, which erodes the repatriated profits of exporters and makes their goods less competitive, could undermine a fragile recovery from the March 11 earthquake and tsunami.

since govt has "spent" Y9tri to weaken yen, how much profits can exporters make?

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Japanese Finance Minister Jun Azumi blames speculators who have pushed the yen to levels he says do not reflect Japan’s economic reality

Idiot. Currency price reflects the supply and demand for the currency. It has nothing to do with Japan's economy.

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Whoever marked my comment above as thumbs down does not understand what PRICE means....

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