Financial Times FT.com

Why the yen remains a haven

By Lindsay Whipp in Tokyo and Peter Garnham in London

Published: January 23 2009 17:08 | Last updated: January 23 2009 17:08

Economic weakness is no barrier to a strong currency these days. Just ask Japan.

The yen stormed to a series of multi-years this week, hitting a 13½ year high against the dollar, a seven-year peak against the euro and a record high against sterling.

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