overvalued yen
Can Japan Compete at Current Yen Levels? It’s Quite Plausible.
September 13, 2010
An article in today’s Financial Times by Mure Dickie and Lindsay Whipp questions whether yen intervention would be effective, let alone appropriate. Japanese exporters increasingly complain that it has become difficult to make a profit at present yen levels. At last week’s highs, the yen equaled 83.35 per dollar, 49.0% stronger than a low of […] More
