Japanese ‘doubt dollar’s recovery’

By Lindsay Whipp in Tokyo

Published: August 8 2008 00:47 | Last updated: August 8 2008 00:47

Japanese bond investors are worried that the recent dollar rally may be short lived as concerns about turmoil in the US financial market persist, says Barclays Capital in a report based on a weekly investor survey.

The report, based on a survey of 19 financial services professionals, showed that nearly 60 per cent of respondents are not convinced the risk of a slide in the dollar due to financial turmoil has been eliminated.

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