Banks Try To Bring Down Yen's Value

from National Public Radio

Japanese and European banks have buying billions of dollars and selling billions of yen. It's a coordinated action to try to bring down the value of the yen. Japan's currency has soared since the earthquake a week ago. And that's troubling for the country's economy because a strong yen hurts the country's exporters.

Broadcast Dates

• Morning Edition, March 18, 2011