"Will a Weaker Yen Strengthen Japan?"

Business Week, January 22, 2001.

Synopsis:

The value of one currency against another has a significant impact on imports and exports between the two countries. Especially the values of key currencies such as the U.S. dollar and Japanese yen are so important that governments intervene in foreign exchange markets to control the value of those currencies. This article explains the recent trend of the value of Japanese yen against the U.S. dollars and the impact of a weaker yen on the economy of not only the U.S. and Japan but also several other Asian nations. Citing the comment from a Bush economic adviser, this article also explains why depreciation cannot be a long-term solution for Japan.

Full-text Article: http://www.businessweek.com:/2001/01_04/b3716118.htm

Text connection: Chapter 9 "The Foreign Exchange Market" (pp.287-293) and Chapter 10 "The International Monetary System" (pp.323-323).

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