December 29, 2011

The strong yen is having a major impact on the stagnant economy says TSE head

"Atsushi Saito, president and CEO of Tokyo Stock Exchange Group Inc... said the main cause of Japan's stagnant economy is the strong yen.."At an exchange rate of 90 yen to the dollar, Japan could have achieved the same kind of economic success that Germany did," he said. "

Source:
TSE chief to investors: 'Buy overseas assets'
THE ASAHI SHIMBUN
2010/10/28
http://www.asahi.com/english/TKY201010270370.html

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