Cash rich Japanese companies and a strong yen in a different position than Europe & America

"Japanese companies are cash-rich at a time when Europe is in turmoil and America is in risk-aversion mode.The expectation is that the strong yen will lead to an explosion of mergers-and-acquisitions that pumps up profits"

Source: Nuclear disaster may not be enough to change attitudes

William Pesek

Investment

Bloomberg

Business Day

The Age newspaper

Wednesday July 4, 2012, page 13