Book Authored (ISBN-10: 0824821599)

Book Authored (ISBN-10: 0824821599)
Sovereign Rights and Territorial Space in Sino-Japanese Relations: Irredentism and the Diaoyu/Senkaku Islands (ISBN-10: 0824824938)

Friday, December 31, 2010

Laodicean Politics in Japan-VII

It is unusually for the Finance Minister to comment on the foreign exchange rate. When Kan Naoto, Finance Minister of Japan, took a new job on 7 January 2010, Kan stated, “Currently, the yen has been weakening since around the time of the Dubai shock, but I hope it will correct a bit more … I will make efforts, including working together with the Bank of Japan, to get the yen to appropriate levels while considering various effects on the economy that may be caused by currencies (Japan Times).” As soon as Kan’s statement went out, the rate of yen rose to $1= 93 yen from 90 yen.

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