Businesses are hoping the yen's rise will lead to its fall

Article Abstract:

Japanese businesses are hoping that significant increases in the yen's value against the US dollar could be checked by a self-correcting mechanism. The mechanism is based on the premise that the government will intervene to prevent the yen's rise because a higher yen would make Japan's exporters less competitive and have a dampening effect on share prices. Investors are looking for indications that the Bank of Japan is conducting dollar-buying operations by itself or in collaboration with the US Federal Reserve Board.

Marketing procedures, Economic aspects, Economic policy, Yen (Japan)

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Kuriles stumbling block

Article Abstract:

The normalization of relations between and Russia are stymied by the dispute regarding ownership of the four southern Kurile islands which were occupied by the USSR after Japan's defeat in World War II. While the USSR adamantly refused to deal with the problem, post-Soviet Russia has indicated that it was willing to compromise. Russia's present posture is dictated by the need to secure Japanese economic aid. On the other hand, public opposition to a return of the islands is strong.

International aspects, Column, Russia, Japanese foreign relations, Russian foreign relations, Kuril Islands

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