A 40-year low for the yen and it's a one-way bet.
You can borrow in Japan for 1%.
You can invest in America for about 4%.
Pocket the three percentage points different and play golf all afternoon.
Nice work if you can get it.
It's World Business Report from the BBC World Service.
I'm Sam Fenwick.
The Japanese yen has sinks to its lowest since 1986. What can stop the decline?
Gold's meant to shine when the world's nervous.
So why is it heading for its worst quarter on record?
Nike bets a fortune on football.
We'll ask if the gamble's paid off.
So the Japanese yen is at its weakest since 1986. On Tuesday,
it slipped past 162 to the dollar, a level it hasn't touched in nearly 40 years.
And here's the puzzle.
Japan's central bank has been rising interest rates.
The government spent a record $72 billion in the spring trying to prop up the currency.
Yet it still falls.
If you're in Japan, that means a more expensive shop at the grocery store or a pricier tank of fuel.
And for businesses like the one Robert Applin runs Benchmark,