Marketplace:

The yen may benefit from panic, portfolio manager Axel Merk tells Public Radio’s Marketplace.

"Marketplace: 'On the other side of the world the yen is strong too. Like the U.S., Japan is printing money to bail out its financial system, and its interest rates are also near zero.'

Axel Merk is president of Merk Investments.

Axel Merk: ‘As long as the Bank of Japan is not intervening in the currency markets, whenever we have this panic that the financial system may implode there is a flight over to the Japanese yen precisely for that reason.’"