| 14.01.2009 - Japan may devalue currency as strong yen poses threat to economy |
| From Indiatimes.com: Rising currency amid the deepening global recession has become headache for the Japanese economy. In the past five months, the yen has moved from 110 to 89 against the US dollar, dampening the demand for the Japanese goods in foreign countries. Japan, which is in the midst of its first recession in the last seven years, showed a trade deficit of 93.4 billion yen, against a surplus of 907.6 billion yen a year earlier..... Full Article: Source |