Tuesday, March 9, 2010

Yen Strengthens as Exporters Bring Home Profits; Stocks Slide

http://www.bloomberg.com/apps/news?pid=20601087&sid=anCc5.B30pyg&pos=2

Japan’s currency climbed 0.6 percent against the pound and 0.5 percent versus the South Korean won at 12:56 p.m. Tokyo time on speculation exporters are taking advantage of a tax break enacted last year on repatriated overseas earnings. The risk of corporate default in Japan headed to a two-month low.

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