News Journal

Global economic changes raise Yen and Dollar rates

The rates of Dollar and Yen rose in market on Monday as the latest political and economic developments took place across the globe. The meeting of the Group of Seven nations and the reports over the contractions of Japan’s gross domestic products in the fourth quarter brought changes in the rates of money.

The reports on weekend showed that Japan’s economy shrank by 3.3% in the last months of the year 2008.