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Turkish lira's crash hits Mrs. Watanabe hard

The currency was popular among Japanese retail investors for its high yields

The weakening lira is even starting to impact Japan's retail investors -- often nicknamed Mrs. Watanabe.   © Reuters

TOKYO -- The Turkish lira's plunge has dealt a blow to Japanese individual investors who had snapped up bonds and mutual funds denominated in the currency, possibly forcing them to rethink the strategy of chasing emerging-market products promising high yields.

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