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>> JAPANESE YEN Latest News

JAN 18, 2013 - Zero Hedge

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The Currency Wars: Now US Automakers Are Squealing

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Japan’s Liberal Democratic Party went all out late last year to re-grab the power it had held for 50 years before getting booted out in 2009. Its platform: print and borrow with utter abandon to create asset bubbles and inflation, and to weaken the yen. It even threatened to wrest control over the printing press away from the Bank of Japan. That verbiage has been phenomenally successful: the stock market is surging, and the yen is crashing from historic—under normal circumstances, ... Read More

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