Japanese Grannies Trounce Kiwi Bank

Japanese Grannies Trounce Kiwi Bank

Loving this people-power story in the Daily Telegraph which describes how Japanese old ladies have caused a run on the Kiwi currency which even the New Zealand central bank couldn't stop...

Guy Brighton
  • 19 june 2007

Loving this people-power story in the Daily Telegraph which describes how Japanese old ladies have caused a run on the New Zealand currency which even the New Zealand central bank couldn’t stop:

Japan’s day-trading grannies and housewives have overwhelmed New Zealand’s central bank, driving the Kiwi dollar to record highs against the yen despite heavy intervention.

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