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Global Currency Tensions Rise

Wall Street Journal Original article ›

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Japan's new LDP prime minister, Shinzo Abe, supports targeting the yen at around 90 yen to the dollar to support Japanese exporters. He sees this happening through monetary easing by Japan's central bank. At a rate of 85 yen to the dollar or above Japanese exporters would be in a position to become profitable and pay taxes. Abe says central banks around the world, including the U.S. Federal Reserve, are printing money to support their economies and increase exports. Switzerland and S. Korea pursued policies to keep their currencies from becoming too strong to support their exporters. China has managed its exchange rate to maintain export competitiveness. Exchange rate intervention has not been effective for Japan, and the focus now is on monetary policy and setting a 2% inflation rate target.

Shinzo Abe, prime minister of Japan, and the Bank of Japan's monetary policy

01/30/2012

Failure of the president of the Bank of Japan to take an activist stance and provide confidence to financial markets in Japan. Criticism from the Japanese government and LDP candidate for prime minister Shizo Abe. Unstable politics and government in Japan as three prime ministers from the DPJ party are followed by Shinzo Abe of the LDP.

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Grouped Articles

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Grouped Articles

Japanese Economic Data Give Abe a Lift

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Japanese Firms Send Work Overseas

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Japan Turns Tables on Korea Inc.

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Grouped Articles

The Pitfalls in the Rise of the Korean Won

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Strong Dollar Stands in Manufacturing Sector’s Way

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Toyota's New U.S. Plan: Stop Building Factories

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German Auto Makers Rev Up U.S. Output

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In Automotive Trade Deficit, a Silver Lining for U.S.

New York Times 08/18/2007


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