The yen's fundamental weakness

FEATURE - The currency's depreciation stems not from government policy but the state of the economy says Haruhiko Kuroda, Japan's viceminister of finance for international affairs.

From the Financial Times, London, 23 January.

The yen has depreciated nearly 10 per cent against the US dollar since late last year, a fact that has drawn considerable international attention and not a little criticism. In view of the events, I should like to present my personal view on foreign exchange markets and

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