J-News Mini-Roundup: Yen Rises, the Japanese React
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J-News Mini-Roundup is a recurring feature written by Friend Of JET, Jon Hills, who maintains the blog for Hills Learning (www.hillslearning.com). Hills Learning is a NY-based language learning services company offering customized and personal Japanese and Chinese language learning options.
Some of the biggest economic news in Japan, besides the stock and job markets, is always the exchange rate. When the yen gets stronger against the dollar, big Japanese exporters always worry. Their prices become relatively more expensive in other countries, and with that comes a drop in sales.
The newspapers this morning each reported on the reaction to the increase in the yen to 88 yen per dollar. The Asahi focused on this as a headline in their newspaper, where as the Nikkei and Yomiuri decided to list it as second page news.
Asahi It Went Up! Cried Farmers and Factory Workers Alike The Yen, on the morning of the 28th rose to…
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