Japan Must Take Drastic Action Now
Is this the beginning of Japan's recovery--or just a brief pause on the downward path to a full-fledged depression? After watching the Japanese yen fall as low as 146 to the dollar, its lowest level since 1990, the U.S. and Japan joined forces on June 17 to break the currency's headlong plunge. The joint intervention helped push the yen back up to 137 to the dollar by day's end while punishing currency speculators.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Ford to Take $267 Million Hit From Recall of F-Series Trucks
- Racist Outburst Prompts Faber’s Exit From Three Company Boards