Nikkei hits a new high, while the yen exchange rate hits a new low.


If Japanese stocks rise by 20% over a certain period, and the yen depreciates by 20% against the U.S. dollar over the same period, then for foreign investors, it actually means losing money when they convert back to USD.
But if Japanese stocks rise by 100%, while the yen depreciates by 20% against the U.S. dollar over the same period, then for foreign investors, it actually means making money when they convert back to USD.
So basically, does it mean “under currency depreciation pressure, still ramp up and blast Japan’s stocks”?
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