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View Full Version : Japan's Net Foreign Assets Fall Most Since 1999 on Yen's Gain - Bloomberg



NewsWhore
05-25-2009, 10:00 PM
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Japan&#39;s Net Foreign Assets Fall Most Since 1999 on Yen&#39;s Gain (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601101%26sid%3DaLvd4qxtdF0Y%26refer%3Djapan&cid=1249081794&ei=jUEbSsqdJaLMjAebsqDBBQ&usg=AFQjCNEcokr7_R5sVHPV1IS62fq_faYJ4w)
Bloomberg
Japan&#39;s currency gained against the 16 most-traded currencies in 2008 as the global financial crisis encouraged investors to unwind carry trades, in which they get funds in a country with low borrowing costs and buy assets where returns are higher. ...


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