Japan's politicians have hunkered down and have moved to do nothing, hoping that the currency's weakness might bail them out of their morass. We are short of the yen, and we expect to remain short of the yen for the long, foreseeable future.
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The Sogo bankruptcy marked a major turning point in Japanese economic history.
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The yen continues to weaken, as it should, given the continued weak economic data coming from Tokyo.
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There is no question, however, that the bank was feeling a great deal of political pressure put upon it by the government.
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Why shouldn't Canada go to parity It has what the world needs. It has water, it has oil, it has steel. You name it, Canada has it.
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