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Japanese authorities monitoring the Yen

Japanese authorities are said to be closely monitoring the rise of the national currency in the money markets. Issues in America, the UK and Europe have had a major impact upon currency exchange rates and the Yen recently hit a 15 year high against the US dollar. Any increase in exchange rates will have a major impact upon exports from Japan and when you bear in mind that Japan is one of the largest exporters in the world this could have major repercussions for the Japanese economy.

Over the last few weeks we have seen a marked reduction in export growth from Japan and the authorities are very keen to ensure this does not turn into a long-term trend. In a perfect world you would expect exports to Japan from the likes of the US, UK and Europe to improve on a weak currency exchange rate but these economies are struggling themselves.

Historically the Japanese authorities have had no issues in manipulating money markets and currency exchanges to protect their own local currency and economy and there would appear to be no change in this particular policy. If the likes of Japan, on to a lesser extent China, begin to see their economies cooling this will have a major impact upon the worldwide economy.

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