The yen is widely considered a safe haven currency, i.e Fukuda and ji (1994) find empirical evidence supporting the hypothesis that the profits of japanese firms generally fall more rapidly as the yen appreciates than they rise when he yen depreciates However, this explanation ignores the possibility that exporters can hedge Recent depreciation of the yen and monetary policy ing about developments in economic activity and prices However, this time i would first like to talk about the bank of japan's possible responses to foreign
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