With A Soaring Yen, Japan Is Buying

摘要

With the yen's recent surge to a 13 -year high against the greenback and Tokyo stocks near their lowest levels in a generation, Japan seems to be losing some of its allure as a safe place to stash cash. In late October, Sony, Canon, and Honda slashed their earnings forecasts, and analysts fear that the slowing global economy and strong yen could halve profits even at mighty Toyota Motor. The yen has surged so fast that the G7 group of industrialized countries has publicly fretted about the currency's impact on global economic stability.