The whine of success

Article Abstract:

Currency traders are worried that world finance ministers may take action to raise the value of the Japanese yen against the American dollar. The yen has dropped by 30% since 1995, reflecting Japan's economic decline. Artificially propping up the yen is economically unnecessary, but is seen as a political necessity.

Dollar (United States), Yen (Japan), Foreign exchange market

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The whine about sterling

Article Abstract:

Complaints about high interest rates and calls for devaluation of the pound have caused foreign investors to doubt the stability of the pound. Politically motivated wrangling over monetary policy is dragging down the economy. Interest rates would go down naturally if it stopped.

Editorial

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Blowing bubbles: the economy

Article Abstract:

Chancellor Norman Lamont believes that the devaluation of the pound and further drops in interest rates will strengthen Britain's economy by spurring exports and investments. Inflation can be avoided, but lower real wages and thinner profit margins must be accepted.

Economic aspects, Inflation (Finance), Inflation (Economics)

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