Japanese Economic Minister Amari
Weaker Yen and Pound
May 21, 2013
A day after suggesting the yen had fallen enough, Japanese Economics Minister Amari retreated, claiming no one really knows how far the yen’s downward correction will go. Sterling fell in response to lower-than-forecast British inflation in April. The lower inflation drops, the greater becomes the Bank of England’s leeway to stimulate growth if that is […] More
