Japan's Economy
����*The Japanese Central Bank interfered the Tokyo foreign exchanges market yesterday, which led to a sharp drop in the exchange rate of the yen. When yesterday's market opened, the exchange rate of the yen against the dollar hit a record high of 108.65:1 in the past 28 months. The Japanese banks bought in about US$2 billion so as to make the yen drop to 112.48 yen to one dollar.
����*Japan's economic growth rate in 1999 will be 0.5 percent, predicted by 46 civil investigation organizations of Japan.
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Economicnews 1999-01-13 Page7
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