IP: AmBushing the Yen

[Dave Farber <dave () farber net>]

------ Forwarded Message
From: "Andy Duff" <andy.duff () new net>
Date: Mon, 18 Feb 2002 13:16:57 -0000
To: <farber () cis upenn edu>
Subject: AmBushing the Yen

Dave,

My, what it must be to be so powerful that a slip of the tongue can bring a
nation's currency down a notch or two.

<<... Mr Bush added a third item to this list, the need for "devaluation" of
the yen. This remark immediately triggered a drop in the Japanese currency
until Bush aides hastened to clear up the confusion.

The president had "misspoken", they said, adding he had meant Japan's
problem of "deflation" - steadily falling prices, which depress economic
investment - not devaluation.>>

http://news.bbc.co.uk/hi/english/business/newsid_1825000/1825593.stm



------ End of Forwarded Message

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