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As Yen Rises, Japan Faces Tricky Policy Choices
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The yen strengthened to 88 yen to the dollar, the strongest in 13 years, and Hirohisa Fujii, the new Finance Minister said that the government would not step in to weaken the yen even if it went up further. Thomas Harr a foreign exchange strategist at Standard Chartered in Singapore says the elections were a big boost for the yen. It created a new environment in Japanese politics for the first time since World War II as the LDP party was swept out of power. The hope is that by moving away from dependence on exports and reviving the domestic economy Japan can turn the page to a new chapter in its economic growth, away from the stagnation of the last two decades. But its a tricky balancing act between exporters and the domestic consumer.
The new Japanese government of Yukio Hatoyama and the Bank of Japan favor a stronger yen..
09/28/2009
The new yen policy would reduce Japan's dependence on exports and by reducing import prices could spark much needed consumer spending.
Grouped Articles
Stronger-Yen Policy Gets Put to the Test
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As Yen Rises, Japan Faces Tricky Policy Choices
New York Times 09/29/2009
Japan's Finance Minister Hardens Talk Against Yen Strength
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Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
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Japan's Yen Rises Above War Jitters, Deflation
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Economic growth and exchange rates for dollar, yen, yuan and euro- policy change in China, Japan and Europe.
08/17/2007
How policy and mood is shifting in China, Japan and Europe for exchange rates between currencies. The desire to be less dependent on exports and increase domestic demand in these countries just as thrifty consumers in the US make earlier policies obsolete.
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Yen's Fall Aids Japan, Worries Others
Wall Street Journal 05/13/2013
Yen Slumps to Six-Month Low Against Dollar
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Japan Faces Uphill Battle in Curbing Yen's Rise
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Brawny Yuan Stands Apart from the Crowd
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Asia Seen as Better Able to Deflect Waves From U.S.
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Geithner Hints at Harder Line on China Trade
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