Japanese Politicians Take Turn Attacking Dollar

Wednesday, July 15, 2009 11:50 AM

By: Dan Weil

First it was the BRIC nations — Brazil, Russia, India and China. Now it’s Japan.

Everyone seems to be going after the dollar. That includes Japan’s opposition party, which is expected to win the country’s election next month.

It said Japan should consider taking $1 trillion out of its foreign reserve kitty and exchange those dollars for International Monetary Fund bonds.

“In the medium- to long-term, we need to do what we can to avoid the risk of currency losses or economic turbulence that could result if the dollar were to swing,â€