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Friday, May 17, 2013
Counteraction of Japanese Yen Devaluation Arises
ANBOUND

Japanese Yen against the US Dollar falls below 100 yen and it brings both good and bad repercussions. The three counter-actions to the Japanese economy have surfaced:firstly, it covers up the problems of Japanese enterprises; secondly, more energy has been imported by the Japanese than ever before; and thirdly, it will surely lead to global tension. Many of Japan's trade partners have already suppressed their currencies. The consequence would worsen if the Chinese Yuan is also devaluated.

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