Friday, November 26, 2010

Surviving the currency competition | The Japan Times Online

The yen's exchange value is considered likely to top the rate of ¥79.75 to the dollar registered in 1995 for an all-time high sooner or later. At a meeting that ended Oct. 23, Group of 20 finance ministers and central bank governors managed to contain the confrontation between the advanced economies led by the United States and the major emerging economies including China, and agreed for now to avert a global competition of currency devaluation.
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