11.   A weakening yen also hurt utilities, whose imports of raw material will cost more.

12.   A weakening yen hurt utilities, whose massive imports of raw material will cost more.

13.   A weaker yen hurts bonds by eroding the return to foreign investors who convert bond income into rising currencies.

14.   A weaker yen hurts the price competitiveness of Korean-made products that compete with Japanese exports, the report said.

15.   A strong yen also hurts the company because it reduces the amount of foreign currency-denominated earnings from abroad when converted into yen.

16.   A strong yen hurts exporters by pressuring them to raise prices abroad and slashing the yen-value of the money they earn in dollars.

17.   A strong yen hurts NYK, which has dollar-denominated revenue that gets reduced in value when bringing profits back to Japan.

18.   A strong yen hurts the Japanese economy by making Japanese exports more expensive abroad.

19.   A strong yen hurts the Japanese economy by making Japanese exports more expensive in overseas market.

20.   A strong yen hurts Toyota, Honda Motor Co. and other exporters because it cuts the value of their overseas profits when repatriated into yen.