HE INTERNATIONAL MONETARY SITUATION AND THE YEN
Mr Hirahara admitted that there was much talk of
he idea of revaluing the yen but he thought that this
as largely journalistic speculation. Only one
country (the US) had seriously suggested that the
en should be revalued. From the US point of view
he Yen appeared to be undervalued but they looked at
he matter from a bilateral point of view. Japan
ad a favourable bilateral balance.
gold and foreign exchange
Moreover her
CONALUM
reserves
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