Word: fukushiro
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Others aren't that patient. "We need drastic measures to solve these problems," says Yamamoto of Royal Bank of Scotland. "Intervention may work to buy time, but it's not a fundamental solution. The authorities in Japan know this and they're hesitant to act." Finance Minister Fukushiro Nukaga did say this week that "excessive exchange rate moves are undesirable." But, in relative terms, the yen is not as weak as it was in 2004, when the government last intervened. Central bankers in Japan believe a rate of 100 yen to the dollar is not excessive appreciation but rather...
...that we had discord amongst ourselves, we just noticed differences respective to each of our economic situations...and the degree of impact," said Japanese finance minister Fukushiro Nukaga, who co-chaired the G-7 meeting with Bank of Japan governor Toshihiko Fukui. "But we're here to work in partnership to overcome this difficulty." The U.S. was "taking on the central role" Nukaga said, adding that "each country will do what they can, respectively...
...individual," says Stogel. "So there was melancholy in the air Monday. That ovation could be taken as a last farewell." Perhaps it's a good thing, after all, that no one was watching. Note: Adding to the morning's cruel ironies were reports that Japan's defense minister Fukushiro Nukaga, on a visit to the Pentagon, was hospitalized after his limousine ran into an anti-terrorism barrier mistakenly activated as Nukaga attempted to enter the Pentagon grounds. The barrier "went up and the defense minister's car ran into it," said Pentagon spokesman Col. Richard Bridges. "The front...
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