(And the byline reads “Bloomberg”)
They start off with a sober observation that a stronger yen means weaker earnings growth for Japanese corporations. Read further down, and you realize that “earnings” is code for “profits”. Politicians and CEOs alike are horrified by the proposition that a stronger yen could affect record profits by 0.4 to 0.6% per yen (which means a full recovery could affect profits by about 30%).
So they’ve increased profits by as much as 30% just by exploiting the exchange rate, and (as always), it’s really just an unearned wealth transfer without any effort on their part.