A rising yen and falling hopes

Butler, Steven
February 1994
U.S. News & World Report;2/28/94, Vol. 116 Issue 8, p22
Discusses how the Japanese yen soared by nearly 6% in response to rising trade tension and Japan's stubborn trade surplus. How the high yen raises the prices of Japanese exports and further chills an economy already deep in recession; Calls for the Japanese government to trim the power of entrenched bureaucrats, deregulate the economy and open Japan's markets; Prime Minister Morihiro Hosokawa's squabbling coalition government which remains paralyzed.


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