Bush's Japan visit leaves markets unimpressed
MARKET NEWS
TOKYO -- US president George W Bush's first visit to Japan had a limited overall impact on the FX markets, after the frenzy caused by a verbal blunder he made early last week died down.
The yen weakened by 0.15 yen per dollar following Bush's remarks after a meeting with Japanese prime minister Junchiro Koizumi last Monday (February 20), when Bush told reporters that he and Koizumi had discussed the devaluation issue. White House aides moved quickly to clarify that Bush had meant to say deflation
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