If, in 1995, the Japanese yen was already above its long-term equilibrium exchange rate, and was therefore

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If, in 1995, the Japanese yen was already above its long-term equilibrium exchange rate, and was therefore likely to depreciate over the longer term, why did speculators still continue to buy yen?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 09:50 AM

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If, in 1995, the Japanese yen was already above its long-term equilibrium exchange rate, and was therefore

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Because speculators believed that the yen would appreciate in the short te...View the full answer

Economics

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