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

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

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

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

25.   A strong yen makes it expensive for those companies to manufacturer products in Japan.

26.   A strong yen makes their domestically produced products more expensive.

27.   A strong yen pressures exporters to raise prices on goods sold abroad and crimps dollar-based earnings when repatriated into yen.

28.   A strong yen pressures exporters to raise prices on products sold abroad and cuts into profit when dollar revenue is repatriated in yen.

29.   A strong yen squeezed the earnings of the motor vehicle distributor and retailer by making it less profitable and more difficult to sell Japanese cars in other markets.

30.   A strong Japanese yen makes it only prudent for Japanese companies to shift some production from Japan to the United States.