Yen Anxiety Rises as Tumble Sparks Bankruptcy Surge: Currencies

Bank of Japan Governor Haruhiko Kuroda says yen depreciation is good for Japan. For many companies, it’s good that it’s stopped.

Japan’s currency stabilized at around 108 yen per dollar in recent days, following a plunge to a six-year low of 110.09 at the start of the month, which ignited concern that exchange-rate weakness might damage the economy. Now there’s a “strong possibility” that the currency is settling into a range for the rest of this year that would be “just right,” according to JPMorgan Chase & Co., one of the few banks to correctly predict the yen’s gains in the first half of 2014.