On December 24th, Bruce Kirk, Chief Japan Equity Strategist at Goldman Sachs, stated that the current level of the yen against the US dollar is helpful for overseas investors to purchase Japanese stocks. He believes that the risk of the exchange rate falling below the 160 mark is limited, as it may trigger some form of intervention by the Japanese authorities. On December 24th, the Japanese yen was trading at around 157.13 against the US dollar in the Tokyo market.
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