In a Wednesday article entitled, “Strong Yen Weakens Export Pillar,” The Wall Street Journal quotes Japan’s chief cabinet secretary Nobutaka Machimura, who on Monday commented that it is “wrong to think that a high yen is something bad for the Japanese economy.” One obvious benefit is a stronger yen reduces the impact of high commodity [...]
Archive | November 14, 2007
Nikkei Hits 16-Month Low; BOJ Holds at 0.5%; Positive GDP Surprise
Japan market summary for Tuesday (Nov. 13) Nikkei 225 Stock Average: -70.46 (-0.5%) to 15,126.63 Nikkei 225 futures Osaka: -180 (-1.2%) to 15,040, Singapore (SGX) -185 (-1.2%) to 15,035, Chicago (CME) *11/12 -225 (-1.5%) to 15,030 TOPIX: -1.67 (-0.1%) to 1,454.73; Advancers 718 x decliners 897 (unch. 107), New highs 2 x new lows 414 [...]
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