South China Morning Post (June 15)
“Japan is falling into a trap in defending its currency against the US dollar, like Thailand in 1996. Japan’s large forex reserves make the yen a juicy target, rather than deterring currency predators. Its fundamentals are weak and deteriorating, making the yen’s further decline inevitable.”
Tags: 1996. Forex reserves, Currency, Decline, Defending, Deteriorating, Dollar, Fundamentals, Japan, Predators, Target, Thailand, Trap, U.S., Weak, Yen
Institutional Investor (March 29)
“The LSE and Deutsche Börse have tried to merge twice before, but both attempts ended in acrimony.” This time looks different, but it’s still far from certain. “U.S. predators are lurking, with Atlanta-headquartered Intercontinental Exchange saying it’s considering an offer for LSE; there’s also talk that Chicago-based CME Group and Hong Kong Exchanges and Clearing could enter the fray and spark a global bidding war.”
Tags: Bidding war, CME Group, Deutsche Börse, Hong Kong, Ice, LSE, Merge, Predators, U.S.
