商务英语综合教程下册课件房玉靖主编 ISBN9787810789707Unit 9 The Monetary FocusI A Yen for Change.pptVIP

Unit Nine Introduction Central Banks around the world have been regulating their monetary policy weapons recently in an effort to combat a widely expected economic recession. This essay mainly discusses the changes of Japanese yen. Text 1 Central Banks around the world have been busily wielding their monetary policy weapons in recent weeks in an effort to counter a widely expected recession. After the terrorist attacks last month, the Federal Reserve and the European Central Bank were quick to cut nominal interest rates and to add liquidity. In Japan, where the econom