TITLE

Will Yen Weakness Trigger Intervention?

AUTHOR(S)
Platt, Gordon
PUB. DATE
January 2006
SOURCE
Global Finance;Jan2006, Vol. 20 Issue 1, p62
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline of the Japanese yen in the foreign exchange market. According to Japanese finance minister Sadaku Tanigaki that the 15 percent decline in the yen last year reflects relative economic performance. Robert Lynch, head of Group of 10 foreign exchange strategy-Americas at HSBS Bank in New York, urged that the decline of the yen puts China at a competitive disadvantage with Japan. The U.S. treasury secretary John Snow denied his concerns about the steep drop in the value of yen.
ACCESSION #
19689658

 

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