Japanese shipyards are hoping for a major boost to flagging order levels from the continued depreciation of the yen against the dollar.

The yen sank to ¥109 to the dollar this week, its lowest level since 2008 and 35% below than its recent 2012 high against the greenback.

The fall in the value following the election of the Shinzo Abe-led administration is widely viewed as the reason for the resurgence in the national shipbuilding industry.

However,