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Asia's rich told to buy yen as BOJ's negative rates backfire
Published Fri, Feb 12, 2016 · 09:50 PM
Singapore
MONEY managers for Asia's wealthy families are favouring the yen as it benefits from the turmoil in global financial markets.
Credit Suisse Group AG is advising its private banking clients to buy the yen against the euro or South Korean won because the Japanese currency remains undervalued versus the US dollar.
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