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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (151860)	2/18/2002 4:37:22 AM
From: maceng2	Read Replies (1) \| Respond to of 436258

Opps... Ahhh what's the difference anyways, BFD -g- ananova.com Yen dips against dollar after Bush's slip of the tongue A slip of the tongue from George W Bush has caused the yen to dip against the dollar. Mr Bush said he had discussed devaluation with Japanese Prime Minister Junichiro Koizumi. White House officials quickly said Mr Bush had 'mis-spoken' and he had meant to say they had talked about deflation. Mr Bush is visiting Japan to show support for Mr Koizumi's economic policies. The US President told reporters that he and Japan's premier had discussed "non-performing loans, the devaluation issue and regulatory reform". He said Mr Koizumi "placed equal emphasis on all three". The dollar briefly climbed to 132.80 yen before retreating. Earlier, the dollar had been trading near 132.60 yen. Shortly after the news conference, White House spokesman Sean McCormack told reporters that the two leaders had actually talked about deflation, not devaluation, the issue of Japan allegedly letting its yen drop in value against the dollar to make its exports more competitive overseas. Mr Bush has refused to comment on the yen, saying repeatedly before his Asia trip that the marketplace must determine currency values.