Japan Cannot Allow Yen to Appreciate – Policy Action Awaits
August 17, 2010 at 11:10 AM EDT
For Japan, there are billions of reasons that the rise in the Yen needs to be stemmed. Most recently, Toyota and Honda announced that they would be working at a deficit if the yen were to appreciate to $85/dollar. From Bloomberg today: “It is apparent that the Japanese authorities will step up levels of warning as the [...] Related posts: If China is…Why Not Call Japan a Currency Manipulator? DHUnplugged 40: Will the USA Become Like Japan? Stagnant? Global ETF Charts We Are Watching