Yen's rise is setback for Japan
Article Abstract:
The value of the Japanese yen against the U.S. dollar continues to rise despite efforts by the Bank of Japan to slow its appreciation. Hoping to discourage deflation, the central bank increased the money supply 20% to six trillion yen and upped its purchases of government bonds 50% to 600 billion yen. The yen was valued at as much as 3.8% against the dollar in mid-August, and most recently traded at 119.70.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Japan can't export its way out of malaise
Article Abstract:
Japan's economy is holding steady, with little growth. Some officials have suggested devaluing the yen in order to increase the trade surplus and eliminate the country's debt, but the author argues that tax cuts and the elimination of bad debt in the country's banks would better stimulate the economy.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Bank of Japan sticks to its guns
Article Abstract:
The Bank of Japan is not easing its monetary policy despite pleas from senior government officials to weaken the yen in order to prevent recession. The central-bank governor Masaru Hayami explained that due to the country's current-account surplus, intervention is unnecessary.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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