The yen appreciated 1.8 percent to 112.16 versus the euro at 8:55 a.m. in New York, from 114.22 yesterday. The yen advanced 1 percent to 80.79 per dollar, from 81.63. The Japan currency strengthened to almost 80.22 reached Nov. 1, the strongest since April 1995 when it reached a postwar record of 79.75.
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Comment: Repatriation of Japanese assets will be the big issue for months to come. What lies ahead is a new era in global finance.
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