Jan. 22 (Bloomberg) -- Jack Lew’s first act once he becomes
U.S. Treasury secretary will be to tell a lie.
On Day One as Timothy Geithner’s successor, Lew is bound to
say “I support a strong dollar” to reassure markets that there
will be no change in long-standing U.S. policy. Nothing could be
further from the truth, though, as the yen trades at 2 1/2-year
lows and the world considers a response to Japan’s blitz on
money markets.
