Summary
Interest groups and politicians increasingly complain that the values of the Chinese yuan and the Japanese yen are "too low."
The concern is that a foreign currency whose value against the dollar is "too low" makes foreign-made goods and services less expensive for American consumers (and makes American-made goods and services more expensive for foreign consumers).See the full content of this document
Extract
Don't Complain About Bargain Prices
If Beijing and Tokyo would only raise the values of their respective currencies, then Americans would import less and export more -- an outcome that, allegedly, is desirable.
Or that, at any rate, is the theory b...See the full content of this document
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