Yen’s plunge raises specter of new Asia currency crisis
TOKYO — The Japanese yen’s 12% plunge this year has traders wondering if the Group of Seven might have a currency crisis within their ranks.
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TOKYO — The Japanese yen’s 12% plunge this year has traders wondering if the Group of Seven might have a currency crisis within their ranks.
TOKYO — As Fumio Kishida bows out of Japanese leadership, let’s first dispense with the spin about why.
Currency traders betting on a rebound in the yen would be wise to look past the officials currently in charge and listen instead to policy veterans who know better.
The following is an excerpt from the author’s new book.
There was some reason for cheer among Japanese commentators on February 22. The Nikkei 225, Japan’s flagship stock index, finally reattained its previous peak from 1989: