what about the 30% of energy for Japan that has to be imported through Oil, NG and coal? wouldn't that weaken the yen?
1 more yen sold for usd
2 higher inflation/stagflation due to medium to long term due to rising energy costs. we should not forget that nuclear energy was the cheaper medium for Japan.
btw just read the preliminary news from Greece. both parties that were in charge of the bail out and austerity measures are losing. The conservative and radical parties are winning so maybe Greece will default, and leave the Euro zone!