The yen is a yardstick for sentiment. We think that Japan is having a bad situation, so you sell Japan, you sell the yen.
What we need is some clarity as to the direction of the business, and what the management commitments are in respect to company strategy and the financial performance attached to that.
You only have to look at consumer electronics, to look at what Samsung's doing, to worry about Japanese consumer electronics companies,
It seems like they've been heavily involved in investment banking work this year, and you see the benefit of that coming through.
