Japanese intervention
Unofficial Final Day of Summer Starts with a Rise in Equities and a Steady but Firm Dollar
August 28, 2023
Equities in the Pacific Rim rose 1.7% in Japan, 1.1% in China, 1.0% in Hong Kong and South Korea, and 0.6% in Australia. Share prices so far in Germany, France, Italy and Spain have strengthened at least 1.0%, and key U.S. indices are around 0.7% higher. There’s been scant net movement in the dollar, which […] More
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 Finance Minster Noda confirmed the unilateral operation and implied the injected liquidity would not be withdrawn from the money market.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
