Currency crossroads

Article Abstract:

The euro has dropped in value in relation to the Japanese yen, and it could also drop to one US dollar, giving one euro for one dollar and one yen. The euro is at a similar level to the currencies involved in 1998, and it has not dropped in value as a result of the policies of the European Central Bank. The euro's drop in value is likely to be a result of cyclical changes. US economic growth appears to be at unsustainable levels, and US interest rates may be raised, leading to a stronger US dollar. A strong Japanese yen could affect economic recovery in Japan.

Editorial, Foreign exchange rates, Eurocurrency market

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Japan, the yen and the dollar

Article Abstract:

The Japanese yen has risen in value in relation to the US dollar, in contrast to expectations that the yen would continue to fall. There is concern about the strength of the yen, which could hit Japanese exports and add to fears about deflation. The yen may have risen due to actions of hedge funds. A sustained rise mean that an boost to domestic demand is needed. The central bank could buy government bonds, or shopping vouchers could be given to households to boost spending.

Economic Programs, Administration of Economic Programs, Japan, Economic policy

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The only way out?

Article Abstract:

The impact of a drop in the value of the Japanese yen in relation to the US dollar is examined, and it is seen as beneficial for both Japan and the US.

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