“Verbatim

“Yen has depreciated more. And so, on a real basis, they've actually been okay holding foreign assets. ... they've won with stocks going up, and they've won by the yen depreciating”

Brij Khurana · Alpha Exchange · Brij Khurana, Fixed Income Portfolio Manager, Wellington

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What was described

states that Japanese investors have benefited from a yen depreciation larger than the decline in fixed-income returns

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