After April, Mr. Takeuchi says the impact of a weaker currency will start to be felt, boosting Japanese earnings by around 15% based on the yen's current exchange rate against the dollar and the euro.
The country's National Confederation of Industry (CNI) has expressed concern at the current exchange rate of about 1.70 reais to the dollar and has called on Ms Rousseff to bring it down to somewhere between 2.00 and 2.20.
Mr King concludes that the biggest problem for China's current exchange-rate policy is not the yuan itself but the performance of the dollar.
Both the current account and the exchange rate (painfully strong for much of 1997) have been under pressure since September.
Because most American Bitcoin vendors automatically adjust their prices to the current dollar-Bitcoin exchange rate, Bitcoin-denominated prices would quickly fall to reflect the new, higher Bitcoin price.
This promise can be verified every minute of the day by observing the current rate of exchange between the dollar and gold, and, under a classical gold standard, by exchanging currency at a national bank for gold coins of a fixed weight and purity.
The current U.S. exchange rate with the British pound, euro and other currencies could also be an explanation for renewed foreign direct investment.
In a bid to offset the impact of sterling's rise and remain competitive with duty-free shops abroad, Heathrow's shops are offering travellers who pay in various foreign currencies a more favourable exchange rate than the current market rate.
Most have abandoned their old exchange-rate pegs, are running large current-account surpluses, and have built up ample foreign-exchange reserves.
In any case, the current imbalances at the root of the exchange rate controversy may prove transient.
Indeed, recent exchange-rate swings are a signal that current policies are flawed.
China's exchange rate is not to blame for America's huge current-account deficit.
The country's current foreign-exchange system, which involves a fixed "official" exchange rate that makes the currency, the kyat, more than 100 times as valuable against the dollar as the black-market rate, is so confusing that many foreign companies have refused to re-enter the country even if Western leaders ease sanctions against Myanmar, the country also known as Burma, as expected later this year.
In practice, however, a substantial exchange-rate effect can be expected mainly thanks to the pattern of current-account deficits and surpluses between America and Europe.
The yuan hit a high against the U.S. dollar under the current system Monday, after the central bank guided the currency to its strongest level via a reference exchange rate.
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Local economists estimate that a successful exchange one that would elevate the overall acceptance rate of the restructuring from its current 76% to 95% or better could reduce Argentina's interest rate from 15% to between 10% and 13.5%, producing savings that would easily compensate for the expansion of the debt burden.
The current stampede of industrial and emerging countries alike toward floating-cum-inflation targeting, and away from exchange-rate and monetary anchors, suggests that this combination is the only real alternative to giving up a national currency in favour of monetary union or dollarisation.
What should give policymakers in the UK some pause for thought is that in Ireland and Spain, two economies which are locked into the euro and therefore don't have the benefit of an exchange rate which can adjust to their national economic conditions, there has been significant recovery in their respective current account deficits.
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