Japan recession threat lessens with G7 joint intervention
World BusinessMar 20, 2011
Japan’s risk of becoming the first Group of Seven member to return to a recession after the global financial crisis eased as the G7 intervened to halt the yen’s appreciation.The G7’s yen sales sent the currency down the most since September, to 80.58 per dollar at the close Saturday in New York, compared with the postwar high of 76.25 reached March 17. Japan’s Vice Finance Minister Fumihiko Igaras