Wednesday, June 2, 2010

Yen Weakens as Japan’s PM Announces Resignation

Japan’s Prime Minister, Yukio Hatoyama, announced that he will resign less than two months before the next lower house election in which Hatoyama’s
ruling Democratic Party of Japan is expected to suffer defeat. The yen immediately fell against most of the major currencies, as did stock markets in Asia and Europe.

Source: Bloomberg

Powered by WizardRSS | Full Text RSS Feeds

No comments:

Post a Comment