Japanese Yen rallies to 15-year high on China’s record purchase of bonds

Thursday, September 9th 2010 - 05:26 UTC

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As the Yen rallied to a fifteen year high against the US dollar, Japan’s government said it will seek discussions with China over the nation’s record purchases of Japanese bonds as an appreciating currency threatens to undermine an economic recovery. Read full article

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JoseAngeldeMonterrey
China’s record purchase of Japan´s bonds has already overheated the yen and the Japanese are running for cover.

China´s pressure from its own trade imbalances force her to put their hard earned reserve dollars out in other nations, but the huge imbalances mean that only an economy the size of the US will be able to provide that cover.

Japan cannot, already is crying foul at the prospect of an strenghtening yen.
Sep 10th, 2010 - 02:59 am - Link - Report abuse 0
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