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February 6th 2006

Japan refrains from forex intervention

According to the most recent financial data, the Central Bank Japan has stayed out of currency markets for 22 consecutive months. If this is indeed true, the implications are potentially far-reaching, as accusations of intervention have reached fever pitch in the US. In the last few weeks, several prominent American manufacturers have publicly insisted that Japan’s Central Bank is helping Japanese exporters by intervening in forex markets to hold down the value of the Yen. However, Japan’s innocence has been borne out by a slew of data, which suggest that the value of the Yen is consistent with economic fundamentals.

Read More: Japan stays out of currency markets in January for record 22nd month+

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Posted by Adam Kritzer | in Central Banks, Japanese Yen | 1 Comment »

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One Review of “Japan refrains from forex intervention”

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