Posted inJapan, Northeast Asia, United States, World

Yuan’s slump will lift yen and hit exports

If time travel were possible, Bank of Japan Governor Haruhiko Kuroda would almost surely transport himself back to July 30 and take his katana to interest rates. The week since that no-action decision has been as brutal to Kuroda & Co’s credibility as the yen’s trajectory. The currency’s rally accelerated after the Federal Reserve eased […]

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