Tag Archives: 13 year high
Yen Surges to 13-Year High; Damages Japanese Exports
Posted on15. Dec, 2008 by admin.
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The JPY’s 17% gain against the dollar since September has lowered the value of overseas sales and undermined the competitiveness of Japanese cars, cameras and televisions. The Yen’s surge to a 13-year high last week has compounded woes for Japan’s manufacturers who are already reeling from a collapse in export markets. Layoffs by companies including [...]
