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United States Foreign Relations Jaan

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June 23, 1998 | ART PINE, TIMES STAFF WRITER
The Clinton administration's surprise intervention to help stem the slide of the Japanese yen is in danger of becoming just what many analysts had feared--a high-risk gamble that falls flat on its face. That would leave the White House with precious few options for helping to shore up the Japanese economy except to keep treading water, pouring billions more dollars into the foreign exchange markets to buy yen. Despite a weekend of high-pressure meetings between Japanese and U.S.
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NEWS
June 23, 1998 | ART PINE, TIMES STAFF WRITER
The Clinton administration's surprise intervention to help stem the slide of the Japanese yen is in danger of becoming just what many analysts had feared--a high-risk gamble that falls flat on its face. That would leave the White House with precious few options for helping to shore up the Japanese economy except to keep treading water, pouring billions more dollars into the foreign exchange markets to buy yen. Despite a weekend of high-pressure meetings between Japanese and U.S.
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