TOKYO -- Japan is one of the few countries where a weaker currency is good for the stock market, but a closer look reveals the long-term consequences of this reliance at a time when companies need to invest abroad for growth.
Data going back to 2000 shows that for 10 out of 36 sectors in the Nikkei Stock Average, a weaker yen correlates with higher share prices. This includes industries heavy with blue chip exporters, such as automobiles and electronics, which benefit when overseas profits are converted into a weaker yen.
%E3%82%B9%E3%83%9E%E3%82%A4%E3%83%AB%E3%82%82%E5%AE%89%E3%81%84%E3%83%8B%E3%83%83%E3%83%9B%E3%82%9A%E3%83%B3_R%E7%94%BB%E5%83%8F_1920_640.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
