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A Word Here, a Hint There

FEB. 7
Treasury Secretary Rubin signals that the greenback has risen as high as it should go against the yen and mark

MAR. 4
Rubin's deputy, Lawrence Summers, tells Japanese officials of U.S. concern over Japan trade surplus

APR. 11
Rubin speaks about yen's ''excessive'' weakness

APR. 14
Eisuke Sakakibara, Japan's ''Mr. Yen,'' hints that Tokyo's low interest rates cannot last forever

APR. 27
G-7 finance ministers issue communique suggesting dollar appreciation has run its course

MAY 7
In a Tokyo newspaper, Sakakibara suggests local investors buy Japa-nese bonds instead of U.S. Treasuries

MAY 8
Sakakibara stuns currency markets by indicating that the dollar could fall back to 103 yen

MAY 9
Japan's postal savings system head says that with the dollar weakening, investing in foreign bonds may be risky

MAY 14
Finance Minister Mitsuzuka says efforts to cool the dol- lar are ''taking root''

DATA: BLOOMBERG FINANCIAL MARKETS, BUSINESS WEEK



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Updated June 15, 1997 by bwwebmaster
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