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Falling yen hurts exports to Japan

THE rapid depreciation of the Japanese yen could halt the recent rise in Ireland's €3.9bn exports to Japan, the Irish Exporters Association has warned. The yen has fallen 6.5pc since the beginning of the month against the euro. "The expectation is that, unless the ECB take corrective action, the yen will depreciate by up to 20pc against the euro across the rest of this year," said IEA boss John Whelan.

Harvard professor wins top award

RAJ Chetty, a Harvard University professor whose work on education was cited by US President Barack Obama in last year's State of the Union address, won the John Bates Clark young economist award.

Rules 'won't force transfer of firms'

NEW government rules to come into effect in January will not promote the early transfer of businesses from one generation to the next, PricewaterhouseCoopers has warned. From next year, transfers of family businesses above a value of €3m will incur a penal capital gains tax charge where the transferor is over 65 years old.

A&L Goodbody is 'law firm of year'

A&L Goodbody has been named as the 'Irish Law Firm of the year 2013' by International Financial Law Review (IFLR) at its annual European Awards ceremony in London. The award recognises the firm in each jurisdiction across Europe that has executed the most innovative international deals.

Irish Independent