Weakening yen sends Japanese renewal rates up 7-10% - sources
Reinsurance renewal prices in the all-important 1st April renewal season in Japan are seen to be up 7-10%, market sources have told Reinsurance.
It is understood that the reason for the heightening rates is the weakening Japanese yen, which has fallen markedly as a result of the financial crisis.
The weakening yen - which has fallen against the
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