Japan intervened in currency markets Monday for the first time since August, driving the yen down sharply against the dollar and euro. Finance Minister Jun Azumi said he gave the order to begin selling yen at mid-morning after the dollar slid to 75.32 yen, its lowest point since World War II. By mid-day the dollar […]
Japan Drives Down Yen With First Intervention Since August
Posted October 31st, 2011 at 12:35 am (UTC-5)
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Japan Promises Steps to Address Impact of High Yen
Posted September 20th, 2011 at 1:46 am (UTC-5)
The Japanese government says it will unveil a series of measures to help businesses withstand the impact of the stubbornly high yen. Officials say the measures will include subsidies for companies establish manufacturing plants in Japan, as well as help for corporations that want to take advantage of the strong yen by investing in overseas […]
