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Global indifference to plunging yen should alarm Tokyo

Weak currency says more than you think about Japan's economic plight

| Japan
Yen and dollar notes: An attractive and developed economy earns a strong currency.   © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

The Japanese currency's 11%-plus plunge this year has engendered something rather strange: global indifference.

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