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International Finance

16. Nissho Iwai American Corporation is the American arm of a large Japanese trading company that deals in everything from steel to tuna fish. Assess the credit risk implications for Nissho Iwai of a 30% rise in the dollar value of the yen.

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ANSWER. Yen appreciation makes Nissho Iwai's products less competitive in the U.S. market. The greater the extent to which Nissho deals in ...

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