In the long term, however, the yen's huge undervaluation means that it will eventually bounce back.

期的角度来看，对日元的严重低估意味着它将逐渐反弹回升。

Mr Jen has an alternative explanation for why the yen is so feeble against the euro: the “global funnelling hypothesis”.

Jen先生对日元为什么对欧元如此虚弱有另套解释：“全球的漏斗假设”。