Yen will strengthen as it did after Kobe, say currency strategists


Strategists at Japanese bank Nomura have said they expect the yen will continue to strengthen in spite of the tragedy, as assets in Japan and overseas are converted to funds for repairs and insurance, while risk appetite declines. The bank does expect production and consumption to decline in the near term, but believes restoration demand will have a positive effect on the currency.

"The overall effect on the yen will be positive, and this is partly due to the role played by the Japanese reinsura

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: