1.   Also, there is a belief that the yen might again strengthen.

2.   And as the yen strengthens against the dollar and the South Korean won, it blunts the competitive edge of Japanese shipbuilders.

3.   As U.S. bonds fall and the yen strengthens, that trade becomes less profitable, they said.

4.   As the yen strengthens, it makes Japanese exports more expensive abroad.

5.   As the yen strengthens, Japanese goods become more costly abroad.

6.   As the yen strengthens, Japanese companies get less competitive and their profit outlook weakens.

7.   As soon as the yen strengthens, large manufacturers, who have production bases offshore, will once again demand cheaper prices from their smaller suppliers.

8.   As the yen has strengthened during the past years, Japanese exporters have stepped up overseas production.

9.   Banks also rose on optimism that interest rates will be kept low since the yen had strengthened.

10.   Automobile exports from Japan have been declining steadily in the last few years as the yen had strengthened and as the companies moved production offshore.