Guest Post: While All Eyes Are On Europe, Japan Circles A Black Hole | Zero Hedge

1. Export-dependent economies such as Japan, China and Germany rely on strong exports to sustain their employment and growth.

  • この時点で前提が違う気が ...

11. As demand for yen rises, the currency strengthens, weakening the competitiveness of Japanese exports.

12. The "safe haven" status of the yen ends up hurting the Japanese economy's primary engine, exports.

13. The stronger yen ends up weakening the very attributes that make the yen and Japanese bonds "safe havens."