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Originally Posted by SeijiSensei
Why has the Japanese central bank not intervened more directly to weaken the yen? At current exchange rates I can't see how Japan's exporters can hope to compete.
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I believe the JCB has already tried several times to weaken the yen, but to no avail. Paradoxically, the curreny has become a "safe haven". No central bank can hope to overcome global demand for its currency on its own.
Quote:
Originally Posted by SaintessHeart
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The Bo Xilai scandal has been bubbling in the background for several months now. To me, the point of interest is that it has barely been mentioned here in the News thread. A shadowy power struggle on this scale has not happened in Beijing for a while and, yes, it makes for some very gripping drama with several far-reaching implications for Chinese politics.