TOKYO -- Since the start of the year, many foreign investors have been predicting more yen-selling and a stronger dollar in 2014. But so far, there is little sign of such a trend.
Growing uncertainty in emerging markets is often cited for the dollar's recent weakness against the yen, but foreign investors may be missing another factor: The Bank of Japan is predicting a slowdown in inflation, while at the same time hinting it will not further open the monetary spigot.
