Yen Repatriation: No Big Deal
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As the end of the Japanese fiscal year approaches, upward blips in the yen are usually ascribed to yen repatriation by Japanese investors 'window dressing' their accounts ahead of fiscal year-end. However, as Joanne Collins, senior economist at Daiwa SBCM Europe in London explains, portfolio flows and new accounting rules, have lessened the impact of repatriation
Under the accounting system in place until this fiscal year, the only way for Japanese companies to reflect profitable foreign
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