Tracing back to the time of middle 2011, Japan was attacked by Tsunami and large amount of capital is destroyed. Export rate dumped a lot afterwards.
And today, as yan is one of the "less risk currency" compared to others, in the world of panic, the large demand of yan push up the exchange rate of yan, further attacking the exporting section of Japan. Even within Japan, high yan increase the running cost of international company and pricing out the potential investor.
Obviously, focusing on the few points above, Japan is worsened by the floating exchange rate system.
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