This brief post was inspired by a Bloomberg story on Asian currency strength — a good read, by the way. My thoughts: an even stronger Korean won would bring some relief to Japanese exporters. However, it’s not clear just how much (for instance, consider the volume of autos sold by JP vs SK) with such subdued demand (sans government gimmicks for autos). At this point, the currency story is driven by the depreciating dollar.
Other posts by Steven Towns: