Financial Times FT.com

Japanese savers convert yen into dollars

By Lindsay Whipp in Tokyo

Published: March 18 2008 20:13 | Last updated: March 18 2008 20:13

Not everybody is shunning the dollar, it seems. Since the US currency started its descent against the yen last summer, some Japanese people have been trying to gauge when the currency is cheap enough to start buying back.

During the past few months Japanese banks have seen an increase in the value of deposits in dollars in foreign currency deposit accounts.

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