TITLE

An Oddly Muscular Yen

AUTHOR(S)
Klee, Kenneth; Thomas, Rich
PUB. DATE
October 1998
SOURCE
Bulletin with Newsweek;10/20/98, Vol. 117 Issue 6145, p75
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on the rebound of Japan's currency, the yen, in October of 1998. Why the yen surged 13.7 percent against the United States dollar in five days; The loss to hedge fund Tiger Capital Management as a result of the currency rebound; Factors including the Japanese policy of making money available that have an impact on the yen's ability to carry trade; Impact of the stronger yen on US imports; Unstable currencies and the financial crises in Asia.
ACCESSION #
1325952

 

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