Japanese intervention

Today’s Japanese Intervention: A Background Primer

September 15, 2010

The Bank of Japan sold yen against dollars on a persistent and very heavy basis today.  Over $10 billion equivalent were done and possibly as much as $20 billion.  The BOJ acted alone and as an agent for the Ministry of Finance, which made the decision to act after weeks of threatening such a recourse.  […] More

First Japanese Intervention Since 2004 Sent Yen Sharply Lower

September 15, 2010

On the Ministry of Finance’s instructions, the Bank of Japan sold a reportedly heavy amount of yen against dollars said to have exceeded $10 billion equivalent.  Finance Minster Noda confirmed the unilateral operation and implied the injected liquidity would not be withdrawn from the money market.  No other central banks have intervened.  The BOJ began […] More

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