Kan
Stronger Yen and Swiss Franc
September 14, 2010
The dollar lost 0.4% against the yen and 0.3% against the Swissy. The dollar otherwise rose 0.8% versus the kiwi, 0.3% against the euro, 0.2% relative to the Australian dollar, and 0.1% against sterling. China’s yuan advanced another 0.2% against the dollar, bringing its cumulative climb to 0.9% since September 3. The yuan had only […] More
A Soft Yen Policy From the New Japanese Finance Minister
January 7, 2010
In his first press conference, Japanese Finance Minister Kan talked about coordinating with the Bank of Japan to achieve a softer and “more appropriate” yen level. This stance contrasts with the strong yen aspirations of Kan’s predecessor. Stock and bond transactions generated a Y 199 billion inflow last week after a Y 93 billion outflow […] More
