Business and Finance
THE DOLLAR CONTINUED to fall against the yen, touching another record low despite intervention by the Bank of Japan during Asian trading. Traders and analysts are betting the drop is far from over. Meanwhile, economists said that the lower dollar won't quickly narrow the U.S. trade gap, but ultimately the deficit will shrink if the currency remains weak.</br></br>---</br></br>Mexico may be forced to raise interest rates well beyond their current levels of nearly 100% to stabilize the country's weakened currency, a central-bank official said. He said the stance is necessary to prove Mexico's commitment to stabilizing the peso.</br></br>Citicorp has suspended plans to expand its retail banking business in Mexico, citing the economic turmoil there following the peso's decline.</br></br>---