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Yen's Fall Leaves Japan Hankering for More
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Aaron Back cites U.S. Bureau of Labor of Statistics figures showing hourly manufacturing wages in 2011 for Japan at a level 89% higher than in South Korea. The decline in the value of the yen to 100 to the dollar is expected to improve the competitiveness of Japan's manufacturing companies in relation to competitors in S. Korea and Taiwan. The higher manufacturing costs in Japan offset some of that advantage. Much depends on Japanese companies recovering in the area of innovation, and improving competitiveness in other ways.
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Grouped Articles
Japanese Economic Data Give Abe a Lift
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Linked Articles
Strong Yen Sparks National Debate
Wall Street Journal 08/15/2011
Yen's Fall Leaves Japan Hankering for More
Wall Street Journal 04/09/2013
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