Bonding With The Yen--A Very Odd Couple
MARKET VOICE
The Japanese yen and the bond market make odd bedfellows--when foreign appetite for Japanese debt declines, so will the fortunes of the yen. By Mitul Kotecha, global head of currency research at Credit Agricole Indosuez in London.
Looking at the crowded shops in Tokyo and the buzz of activity around the city, it would be very difficult to spot signs of a weak economy. Indeed, compared to many Western countries Japan would seem to be booming.
But compared with the massive spending spree that the
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