Toyota, Panasonic Recoveries Limited by Yen’s Gain
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Japan’s recovery is being undermined by the popularity of its currency.
The yen has averaged 90.92 against the dollar in 2010, putting it on course for its strongest year against the U.S. dollar since currencies began trading freely in 1971, according to data compiled by Bloomberg. The yen traded at 87.20 at 4:54 p.m. Tokyo time.