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 Yen continues to befuddle Japan and the World as the Dollar Trade Fades in Q2 2016- Yen continues to befuddle Japan and the World as the Dollar Trade Fades in Q2 2016
- May 20, 2016
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Taro Aso, the Finance Minister of Japan, has shown concern regarding the way Japan's currency, Yen, is rising.
Aso is of the opinion that a continued rise in Yen may lead to a monetary fiasco and may cause the Japanese economy to stagnate. While the cabinet has been signalling at an intervention, the investors believe that Japan will stay away from any arbitrary intervention.
On Friday, the Japanese currency made an unprecedented climb. It reached 108 Yen per dollar -- this is the best the currency has done in the last 17 months. The Yen has performed especially well against the dollar -- since the s...
- View more at: http://www.1888pressrelease.com/yen-continues-to-befuddle-japan-and-the-world-as-the-dollar-pr-589858.html
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