Tuesday, June 11, 2013

Yen strengthens amid doubts about 'Abenomics', upwardly revised growth





Japan's prime minister, Shinzo Abe, is losing the confidence of the currency market, where traders are repudiating his efforts to end persistent deflation and revive the world's third-largest economy.


Instead of continuing to push the yen lower in response to Abe's economic programmes and the Bank of Japan's money-printing policies, traders have made it the best-performing major currency over the past month.









via Business feed http://www.scmp.com/business/economy/article/1258067/yen-strengthens-amid-doubts-about-abenomics-upwardly-revised-growth

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