Yen fall divides Japanese authorities and corporates
MARKET NEWS
TOKYO -- The Japanese yen fell to a three-year low versus the US dollar last week, prompting worried comments from global finance officials and a positive response from Japanese exporters.
Analysts said the move amounted to a virtual devaluation because officials had talked the currency down, having run out of monetary policy options to kick-start the ailing Japanese economy.
Will Rugg, senior currency analyst at Standard & Poor’s MMS in London, told FX Week the yen’s fall was triggered by two
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