Question: On March 2015 Japans economy soared. There was a likelihood that the Japanese yen would rise in value. In the wake of this event, Japanese Government adjusted the price of Japanese Currency Yen in accordance with the going market price. On the other hand, at he same time, UK was having economic downturn. There was a likelihood that the UK Currency Pound Sterling would go down. Fearing public backlash, UK Government kept the price of the Pound Sterling at the same level. Given the paragraph above, please answer correctly the following question: Which Government took the right step to combat their currency being traded in the black market?
Answer:
Japanese Government