That’s leading to weakness in the Canadian dollar.
There are also fresh fears about Japan. According to reports, S&P is still toying with an eventual downgrade to its sovereign credit. It wouldn’t be immediate, but if the country can’t make some improvements to its fiscal situation, it may be inevitable.
Also in Japan, there may soon be a resolution to what may be the equivalent of their GM, as the long-troubled airline JAL may end up lin liquidation without government support. The stock dropped about 25%.
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See Also:
- Finance Ministers Of Japan And Ireland Reveal Health Problems In The Same Week
- Japan Suddenly Extends The Welcome Mat To Foreign Bond Buyers
- Marc Faber: Avoid The US Disaster, Buy Wheat, Sugar, Natural Gas, And Japan In 2010