31.   A lower yen tends to make Japanese products cheaper abroad and thus more competitive, while imports in Japan more expensive.

32.   A weaker yen tends to make Japanese exports cheaper abroad and more competitive, giving export-dependent Japanese companies better earnings when higher dollars are converted into yen.

33.   A weaker yen tends to make Japanese exports cheaper in the United States and thus more competitive, while imports to Japan are costlier.

34.   A strong yen tends to make Japanese exports more expensive and thus less competitive abroad, while making imports cheaper in Japan.

35.   A stronger yen tends to make Japanese exports more expensive aboard and thus less competitive, while making imports cheaper in Japan.

36.   A stronger yen tends to make Japanese exports more expensive abroad and cuts into profits earned overseas.

37.   A stronger yen tends to make Japanese products more expensive abroad.

38.   A stronger yen tends to encourage foreign investors to buy Japanese stocks as it increases the value of yen-denominated assets compared with assets in other currencies.

39.   A weaker yen tends to make Japanese exports cheaper aboard and thus more competitive, helping to boost earnings of export-led Japanese companies.

40.   A weaker yen tends to make Japanese exports cheaper abroad and thus more competitive, while making imports more expensive.