“The Yen Is Doomed”: For Japan, This Time Really Is Different, Merk Says

http://finance.yahoo.com/blogs/daily-ticker/yen-doomed-japan-time-really-different-merk-says-154750780.html

Despite all the talk about the U.S. fiscal cliff and debt ceiling, developments in Japan are shaping up to be 2013's biggest story for financial markets.

The yen has now fallen over 13% vs. the greenback since mid-November and traded below 90 to the dollar on Friday -- the first time since mid-2010. Shares of Japanese multinationals such as Toyota (TM) and Sony (SNE) have surged in reaction as a weaker yen makes them more competitive vs. their global competitors.
The yen’s weakness is a direct result of the campaign promises and policies of new Prime Minister Shinzo Abe, who won a landslide election in December.