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The bit firmly between their teeth, Japanese officials continue to press for a weakening yen,...

  • Monday, March 12, 2012, 9:28 AM ET
    The bit firmly between their teeth, Japanese officials continue to press for a weakening yen, PM Noda telling Parliament the currency remains "strong," and finmin Azumi also chipping in. The dollar's quick rise vs. the yen - up 8.1% in the last 6 weeks - has been one of the year's more interesting developments. Yen ETF: FXY -6.7% YTD.
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    Have been watching weak yen story with interest but cant help but feel that its likely to prove counter productive as nuclear generators come offline Japan must import more fossil fuels to generate power and these are priced in US $ ...... have read that Japan will be spending an extra $100 million a day as result a weaker yen will surely only add to that cost.
    12 Mar 2012, 10:33 AM Reply Like
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