Obuchi in move to bolster yen
scmp.com
<< Japan wants a system that will limit exchange rate volatility and increase the yen's presence on expanded markets for short-term Japanese government bonds, the Nihon Keizai Shimbun said.
The prime minister will deliver the currency system proposal when he meets with government leaders during his week-long trip to France, Italy and Germany from Wednesday, according to the economic daily.
Using a loose grid for exchange rates between the dollar, the euro and the yen, Mr Obuchi hopes to pave the way for three-sided co-operation on monetary and currency policies, it said. >>
Translation: We have done so well controlling the stock and gold markets, we should be able to do the same with currencies.
Re Clinton - While everyone loves a scoundrel, I am not sure that extends to dads, deadbeat or otherwise ... If true, it should be fascinating to see what the polls do. Like 49'r, I feel for the kid.
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