11.   A falling dollar erodes the returns foreign investors get on U.S. assets when they convert the proceeds into their own currencies.

12.   A falling dollar erodes the returns international investors receive on U.S. assets once the proceeds are converted into their own currencies.

13.   A falling dollar erodes the returns overseas investors receive on Treasury securities.

14.   A lower dollar erodes the yen value of profits earned in the U.S.

15.   A weak dollar erodes the value of earnings made in the U.S.

16.   A weaker dollar erodes the dollar-denominated profits of exporters when brought back to Japan.

17.   A stronger dollar erodes the competitiveness of U.S. exports, and generally makes Japanese products more affordable for American consumers.

18.   A stronger dollar erodes the competitiveness of U.S. exports, and generally makes Japanese products cheaper in the U.S.

19.   A weaker dollar erodes the profitability of Japanese exporters like electronics shares, shrinking their dollar-based profits when repatriated to Japan.

20.   A weaker dollar erodes the returns they get on U.S. assets when the proceeds are converted into yen.