Tuesday, May 23, 2006

Japan's Financial Warlords

Gary Dorsch:

Japan's Ministry of Finance "is on 24-hour alert for signs of dollar weakness or lower bond prices that could undermine the benchmark Nikkei-225 stock index.

...A lower US dollar subtracts from earnings of Japanese exporters and multinationals with operations in the US, which is why Japan's financial warlords spend so much time trying to manipulate the yen's value."

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