Japanese yen rises as investors seek havens after Abe shooting
Japanese currency advances to 135.33 per dollar after former Japanese prime minister taken to hospital.
Well, the Japanese now know that if they need to combat currency depreciation, they can just go and shoot up an ex-leader.
Well I don't know, Japanese history is complicated. When Japan signed the Plaza Accords to allow it's currency to appreciate, it resulted in the Lost Decades. Not so sure that an appreciating Yen is necessarily good for Japan in the long term.Well, the Japanese now know that if they need to combat currency depreciation, they can just go and shoot up an ex-leader.
Not so sure that an appreciating Yen is necessarily good for Japan in the long term.
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