Weekly News

 

November 14, 2009

11/14/2009 12:00:00 AM

 

THIS IS FROM AN ARTICLE AT BARCELONA NEWS.NET

Dollar keeps falling against the yen

Barcelona News.Net

The Japanese yen touched 84 to the US dollar before the weekend, the US currency's lowest level since the mid-1990's.

Japanese economists have said the high yen is becoming harmful to the country's economy as it is damaging the competitiveness of Japanese exports.

Finance Minister, Hirohisa Fujii, has said the strength of Japan's currency has become one-sided government and must be closely watched if Japan wants to recover from recession.

Much of the relative strength of the yen has been caused by dollar selling rather than yen buying.


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