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blank.gif (49 bytes)13/01/1999, updated at 16:00        blank.gif (49 bytes)weather.gif (982 bytes)archive.gif (946 bytes)search.gif (947 bytes)

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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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