Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen and worries over losses from Dubai's debt problems unnerved investors worldwide.
japanese yenDollar falls to 14-year low vs yen, touching 86.51Topix - Business News Thu, 11/26/2009 - 12:02
The dollar tumbled to 14-year low against the Japanese yen Thursday after indications U.S. interest rates will remain low and that the Federal Reserve isn't overly concerned about the dollar's slide. Toyota Posts $4.4 Billion Net Annual LossNYT > Business Fri, 05/08/2009 - 01:54
The automaker blames a prolonged slump in global demand and a strong Japanese yen, and says this year will be even worse. |
