Japan Weakens Yen
Published / Last Updated on 02/08/2011
Japan Weakens Yen Protecting Recovery.
Western, UK, US and Euro markets are in turmoil resulting in people moving to Gold, UK Gilts and now Asian markets to protect their position.
Demand for the Yen has been so high that the the Japanese government and central bank have moved to weaken the yen and protect its own economic growth.
By weakening the Yen, it will help to keep Japanese goods prices overseas affordable i.e. exports healthy.