November 19, 2010

Japanese customers view yen as a safe haven

"the yen is not a sterile asset like gold.
It generates a return.
Officially CPI deflation is 1.5 per cent,
which means holders of yen
get a tax-free gain of 1.5 per cent
in purchasing power every year."

Source: FT: Yen Has Edge Over Gold In Battle For Supremacy
By Peter Tasker
Thursday, August 5, 2010

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