24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Yen Falls To Eighteen Month Low After Election

The yen fell to its lowest in more than a year and a half against the dollar on Monday after a landslide election victory for Japan's Liberal Democratic Party, which is committed to aggressive monetary easing.

The LDP's victory will propel ex-Prime Minister Shinzo Abe - who has called for "unlimited" monetary easing, an increase in the inflation target and big spending on public works to rescue the economy - back to power.

Source: Reuters. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement