Strong Yen Negative For Global Japanese Corporations

<p>How is the recovery in the Japanese Yen currency impacting the markets? The Henessy Japan Fund (HJPNX) has 35 holdings of Japanese companies that operate globally. Masakazu Takeda says that a weak Yen is positive for them due to this. He states that Japan is a standalone economy. The fear of a recession should remain as overhand. The BOJ accommodative monetary policy, labor union salary increases, and a recovery in tourism should underpin the domestic economy.</p>