Following the 1995 Kobe earthquake, the dollar knocked down sharply against the yen, reaching an all time low near 80. Analysts said that things will play out in a different way this time, largely because of an anticipated intervention.
Japanese authorities are soon expected to intervene in currency markets to arrest the yen’s appreciation. A stronger home [...]
For Yoshihiko Noda, Japan’s finance minister, the G20’s weekend warning against disorderly exchange rate movements suggested the yen might enjoy a “more stable” relationship with the dollar and euro.
That looks unlikely — at least if your definition of stable means an end to the Japanese currency’s climb against the greenback, an ascent only briefly interrupted [...]
The Bank of Japan moved to stop the increase of the yen and support the country’s undecided economy by expanding a special bank lending programmed by half to Y30, 000bn.
The central bank’s pronouncement on Monday, a day before Naoto Kan, prime minister, is scheduled to reveal economic stimulus measures, highlights the growing sense of apprehension [...]
