The Cheap Buck Gives Japan A Yen For Asia

To Eijiro Hata, head of Japan's Ministry of International Trade & Industry, the yen has soared to a "crisis level." Backing Hata up, Finance Ministry officials suggest the Bank of Japan is prepared to buy as much as $3 billion a day if the yen rises past the critical barrier of 100 to the dollar.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.