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Analysts say the yen, which started soaring as a refuge currency in late 2008 in response to the global financial crisis, has highlighted a flaw in Toyota's global production setup.
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Anyone with a smartphone can hold bitcoins as a refuge from a currency that is losing value.
TOKYO — As global investors flee the dollar and euro for refuge in stronger currencies, those havens have started to send out a message: enough.
Why are Venezuelans seeking refuge in crypto-currencies?
As investors take refuge in the Japanese currency, its value against the dollar and other currencies has gained some 40% in recent months.
In that event, Greece would run out of cash by the end of the year, economists at Citigroup said in a report this week, forcing the country to seek refuge in its own currency.
As investors have sought refuge from falling equity, commodity and currency markets, they have been turning to the safey of government debt.
But this time around, investors worry that the Fed's move last week to pump $600 billion into the nation's banking system, as well as a surge in borrowing around the world, will undermine paper currencies, making gold a refuge once again.
Then there is gold, which has historically been a refuge for investors seeking protection from eroding currencies.
The exception: currency and debt markets outside Europe, as investors sought refuge in US Treasurys and other "safe haven" securities.
On 5 November, Cẩn sought refuge at the US consulate with a suitcase crammed with US currency.
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