在日本政府和央行的联合干预下，日元贬值之势不停歇。截至上周末，美元对日元又下一城，攻破92整数关口；欧元对日元也触及三年来的高位。

In the Japanese government and central bank intervention of the joint,The weak yen trend everytime.By last weekend,Dollar against the yen and the next city,Breached 92 integer gates;The euro against the yen also touch the high for three years.

　　日元大幅贬值，受益的不光是做空日元的外汇炒家，还有众多的日本出口企业，它们已大幅调高新一年的利润增长预期。

Yen depreciated,The benefit is not only short yen exchange ChaoGu,There are many Japanese export enterprise,They have sharply in high profit growth prospects.

　　日元全线贬值

Yen depreciation of all

　　日本央行副行长山口广秀上周称，“如有必要，日本央行准备通过增加资产购买规模进一步放宽货币政策”。在日本官方政策的推动下，日元贬值之势一发不可收。

The Japanese central bank deputy governor pass wide show said last week,"If necessary,The bank of Japan to purchase assets by increasing the size of a further easing monetary policy".In Japan the official policy driven,The weak yen's potential service shall not take.

　　2013年年初以来，日元对各主要货币都出现了贬值走势。根据Wind数据，目前，美元对日元的汇率已经突破了92的整数关口，年初至今日元对美元汇率贬值幅度达到7%；而日元对欧元贬值幅度就更大了，为10.86%，日元对人民币的贬值幅度也高达6.52%。

Since the beginning of 2013,The Japanese yen to the main currency devaluation trend has appeared.According to the Wind data,At present,Dollar against the yen exchange rate has exceeded 92 integer gates,Year to date the yen against the dollar depreciation range up to 7%;The yen and the euro depreciation range is bigger,Is 10.86%,The Japanese yen to the depreciation of the RMB amplitude is as high as 6.52%.

　　如此“飞快”的贬值速度，无疑能在一定程度上舒缓日本出口企业的经营压力，并有利于其提高产品竞争力。

so"fast"Depreciation of the speed,No doubt in a certain extent can relieve the Japanese export enterprise operating pressure,And to raise the competitiveness of their products.

　　有分析认为，日本经济曾经因日元升值而受到“伤害”，如今日本是在“治脖。最新的数据显示，2012年日本贸易赤字达到创纪录的6.39万亿日元，其中，欧盟和中国是这个国家贸易赤字产生的大户，分别为1397亿日元和3.53万亿日元。这是日本连续两年出现巨额贸易赤字，而这两年也是日元大幅升值的时期。

Have analyzed that,Japan's economy once for the Japanese yen appreciation by"damage",Now Japan is in"To neck.The latest figures show,In 2012, Japan's trade deficit reached a record 6.39 trillion yen,the,The European Union and China is the country produced a large trade deficit,It is respectively 139.7 billion yen and 3.53 trillion yen.This is Japan for two years with huge trade deficit,And this two years is the period of the yen.

　　日本政府及央行力推宽松政策带来日元进一步贬值的预期的确让出口企业看到利润更加丰厚的未来。山口广秀也非常明确地表达了这一点，他说，日元近期已经明显转弱，这样的走势对出口企业有利。

The Japanese government and central bank push loose policy brings the yen further depreciation of the expected did make export enterprise see profit more lucrative future.Pass wide show also is very clear to express it,He said,The yen has obvious weakness in the near future,Such movements on export enterprise advantage.

　　日企改善业绩？

Day to improve performance?

　　由于经济形势内外交迫，日本出口企业很长一段时间以来日子并不好过。但随着日元贬值的趋势，它们对今年的利润开始有了一份乐观的看法。

Because of the economic situation inside and outside from cold and hunger,The Japanese export enterprise for a long time was having a difficult time.But as the trend in the weaker yen,This year's profits they have a optimistic view.

　　全球最大视频游戏机制造商任天堂已把全年净利润预期从60亿日元上调至140亿日元。任天堂总裁岩田聪称：“我们上调利润预期是因为日元疲软。”日本相机制造巨头佳能公司也预计，在新的一年利润较去年将有增长，2013年的净利润可望增长14%。

The world's largest video game makers nintendo has the annual net profit is expected to rise to 6 billion yen from 14 billion yen.Nintendo President iwata chung said:"We raise profit expectations because of the weaker yen."Japanese camera manufacturing giant Canon company also expected,In the New Year profit than last year there will be growth,2013 years is expected to net profit growth of 14%.

　　回头看，2012年日本众多大牌公司都有传出利润下滑或亏损消息的一年，包括索尼在内。大和证券的分析认为，日本200家最大公司的利润增速将在3月到来的这一财年快速增加，而前提却是日元汇率要在目前的水平再保持两个月。

Look back,In 2012, Japanese many big companies have spread falling profits or losses of the news in a year,Including SONY,.The analysis of the securities and think,Japan's 200 largest company's profit growth in March the arrival of the rapid increase in the fiscal year ending,But the premise is the yen to at present levels to keep two months.

　　也许是受到量化宽松政策影响，近日日本公布的一项调查数据也非常“配合”——日本1月制造业采购经理人指数四个月来首次上涨。

Maybe by quantitative easing policy influence,Japan recently published a survey data is also very"fit"January - Japan manufacturing purchasing managers index rose for the first time in four months.

　　星展银行财资部高级副总裁王良享指出，在“安倍经济学”之下，日元资产可能会进一步上升，他认为投资日元资产包括相关企业的股票，会是好的选择。数据显示，从去年11月底至今，日经平均指数上涨了15%，一些出口型制造企业股票的涨幅甚至是日经指数的两倍。

DBS bank money hr senior vice President and WangLiang pointed out,in"Mr Abe economics"under,The Japanese yen assets could rise further,He thinks that investment yen assets include related enterprise stock,Will is a good choice.Data display,From the end of November last year so far,The nikkei average index rose 15%,Some of the export-oriented manufacturing enterprise stock or even nikkei two times.

　　王良享称，安倍晋三新成立了日本经济再生本部、产业竞争力会议及国际经济战略会议等部门，当更多具体政策公布及落实后，日元资产价格还有望进一步上涨。

WangLiang enjoy says,Shinzo Abe new established the Japanese economy the regeneration/The competitiveness of the industry conference and international economic strategy meeting and other departments,When more specific policy announced after and implement,The Japanese yen assets price also is expected to rise further.