日元汇率能保持高位的一个原因是保险公司为支付索赔，将资金汇回日本。

Part of what's keeping the yen high is the flow of funds back into Japan for the payment of insurance claims.

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相反，我们认为，它们反映的是中国金融机构所拥有的国外资金的汇回。

We instead believe they reflect repatriation of foreign funds owned by Chinese financial institutions.

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这些活动压低了日圆，但同时却给日本出口业带来好处，增强了日本出口商品的价格竞争力，且提高了日本公司海外盈利汇回日本时的日圆价值。

The activity weakened the yen. But it also provided an advantage for the country's exporters because it made Japanese goods cheaper abroad and boosted overseas earnings when repatriated back into yen.

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