the world as well as between U.S. and China. And also protectionism of exchange rate is current global trend. Therefore, we focus on the negative impact of domestic protective currency manipulation on Korean economy. At first, we will grasp the current situation of currency war between U.S. and China. Andthen, we will review the impact of exchange rate policy of U.S., China, Japan, Euro countrie
The country I want to go is Japan. Japan has long been known as a 'near and far away country.' Because korea andjapan are very close geographically, but historically they have bad feelings. But nowdays, I think that the distance has gotten closer by sociocultural exchanges between Korea andJapan.
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The broadest meaning of Yen carry trade is that central banks of each country are reducing the deal of weight on Japanese Yen. Central banks consider the low interest rate of Japanese Yen and expect the continuing weakness of it. Then, they lower the portion of Yen in the foreign exchange reserves by selling bonds of Yen and buying bonds of other currencies. For example, in 2007 the interest rate
The current account surplus will remain high this year despite a more rapid recovery of imports than exports (associated with the rebound of intermediate goods assemble in China). Foreign exchange reserves will thus remain very high.
Banking risk, however, has been increasing. After successive reductions of interest rates andthe lifting of quotas on loans, the expansion of credit accelerated si
the renewed closer bilateral cooperation betweenJapanand South Korea, as it helped them hold comprehensive trade and investment talks, which were difficult to conduct in the past. The Korean president proposed an “Action Plan for a New Korea-Japan Partnership for the 21st Century”, which included cooperation in economy, security and cultural exchange. Since then, almost 5 years have been sp