A general fall in commodity and stock prices across the main global markets raised the yen on Friday as investors threw cash into low-danger assets amid fears about on-going decreased inflation and negative interest rates.
There has been a 180 degree turn on the 'risk off' stance investors have held to in the last couple of months as they piled over one and a half billion dollars into the equity markets in the week ending June 1st.
Japan is in danger of falling into another financial crisis if it continues to pursue its current approach to taxation, according to one of the foremost experts on Japanese economic affairs.