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Author:Bremner, B.
Title:How Japan talked up the yen
Journal:Business Week
1997 : MAY 26, VOL. 3512:842, p. 24-25
Index terms:ECONOMICS
JAPAN
FINANCE
Language:eng
Abstract:For the better part of a month, the strengthening dollar had become an increasing sore spot for politicos in Washington and Tokyo. Subtle jawboning did nothing to ease the dollar down. Even a joint statement by the finance ministers of the Group of Seven industrial nations, intended to dampen the greenback, had little effect. On foreign exchange markets, traders kept buying dollars, assuming the bull run would extend into the summer, claims the author.
SCIMA record nr: 160665
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