Why the yen is a haven
July 9, 2016 1:00 pm JST Why the yen is a haven ISAYA SHIMIZU, Nikkei senior staff writer TOKYO -- It is conventional wisdom: Investors buy the yen when global market sentiment worsens. But why? Why is the currency of a country whose economy is on the skids a haven? On June 24, a day after Britain voted to leave the European Union, the yen strengthened against major currencies..