Japan's economic performance in the past 20 years has lagged its potential, but I would not blame yen appreciation for this.

过去20年，日本经济一直未能充分发挥其潜能，但我不会将此归咎于日元升值。

youdao

Yen appreciation reduces the value of repatriated profits for companies such as Toyota and Sony and makes their products more expensive abroad.

日元升值将降低像丰田和索尼等公司返回日本国内的利润，并且使得他们的产品在国外的销售价格更加昂贵。

youdao

As the markets become aware of such official action, they would probably magnify the extent of yen appreciation and thus promote the needed realignment.

随着全球市场意识到中国官方将采取这一行动，投资者或许会放大日元升值的幅度，进而推动全球经济所需的重新调整。

youdao

Yen appreciation since then has helped to offset the complementary stock price declines suffered by exporters.

FORBES: Is Smart Money Betting on a Weaker Yen?

Private investment should be further stimulated when the fear of future yen appreciation declines, and the constraint on new bank-lending diminishes as bank profit-margins widen.

ECONOMIST: Wading in the yen trap

In contrast, once expectations begin to shift away from continuing yen appreciation and deflation, managing domestic Japanese monetary policy in the transition will be technically intricate.

ECONOMIST: Wading in the yen trap