Don't Count on a Dollar Rebound

Monday, August 16, 2010

Washington Dollar

By Anthony Rowley

Japan is fast becoming alarmed at the problem of the "strong Yen," but as former Vice-Finance Minister for International Affairs Eisuke Sakakibara (better known as "Mr Yen") says, it is really it is a problem of the "weak Dollar" - and that is much more worrying for the world as a whole.

The Yen hit a 15-year high of around 84 to the Dollar a week ago, but the problem of Yen strength or "endaka" is nothing new. In April 1995, it reached an all-time high of 79.75 b...

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