Runaway yen spurs business growth
That headline caused me to do a double-take. “Runaway Yen”? Running away from a beating maybe… Then the article itself caused me to do another double-take:
Net profits announced so far by major Tokyo Stock Exchange-listed companies for the April-December period have jumped by nearly 40 percent year on year.
The Yen wasn’t weakening much in this period. Hmm. Curious article.
Then there is this article:
Panasonic scores surprise profits thanks to weakening yen, cost cuts
The article doesn’t even mention cost cuts or a weakening currency. Or Panasonic’s profits.
Curiouser and curioser.
