Institutional Investor (August Issue)
Several years ago Switzerland adopted a currency floor to stem the Swiss franc’s appreciation against the euro. “Last November, the Czech Republic followed suit, threatening to intervene in the currency market if the ikoruna strengthened.” Now, with the euro poised to continue depreciating, some are wondering whether Sweden will be the next to “follow Switzerland’s lead by adopting a currency floor?”
Tags: Appreciation, Currency floor, Currency market, Czech Republic, Depreciating, euro, Franc, Ikoruna, Sweden, Switzerland
Washington Post (March 9, 2012)
Japan’s Prime Minister Yoshito Noda writes, “March 11 is etched in Japan’s collective consciousness. Today, on the first anniversary of the Great East Japan Earthquake, which triggered the starkest crisis our country has faced in a generation, we pause to commemorate all of those who suffered. Our thoughts go out to all of the victims of the tragedy….We will not forget the loved ones, friends and colleagues lost in the disaster. Nor will we forget the outpouring of support and international expressions of solidarity that Japan received. For this, we feel deeply indebted and forever appreciative…. Our goal is not simply to reconstruct the Japan that existed before March 11, 2011, but to build a new Japan. We are determined to overcome this historic challenge.”
Japan’s Prime Minister Yoshito Noda writes, “March 11 is etched in Japan’s collective consciousness. Today, on the first anniversary of the Great East Japan Earthquake, which triggered the starkest crisis our country has faced in a generation, we pause to commemorate all of those who suffered. Our thoughts go out to all of the victims of the tragedy….We will not forget the loved ones, friends and colleagues lost in the disaster. Nor will we forget the outpouring of support and international expressions of solidarity that Japan received. For this, we feel deeply indebted and forever appreciative…. Our goal is not simply to reconstruct the Japan that existed before March 11, 2011, but to build a new Japan. We are determined to overcome this historic challenge.”
Tags: Anniversary, Appreciation, Earthquake, Japan, Reconstruction, Support, Victims
