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© Copyright 2008/9 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.Surging yen levels as Tokyo hints of intervention
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9 Comments
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Mark_McCracken
Intervention's not going to change much of anything. The market forces are too strong right now, with the US interest rate near zero.
Raja Kumar
Japan should use the strong yen buy power to buy up more foreign companies/assets for future business.
billclinton
the right time was 3 months ago
nath
I am lovin' Amazon dot UK / USA / Australia...
some14some
Go ahead, it is not illegal for BOJ or any other Central Bank to intervene, what is there to warn market players?
nath
As a person in the export business, I think I speak for many others in Japan when I say
DO SOMETHING!!!!!!!!!!!!!!!!!!!
Seriously, we're a small fry overall, but the $250,000+ we were paying in taxes a few years back are going to be zero now, and that goes for every other company in our situation. No taxes means no money for roads to nowhere, dig??
ScottishThug
The appropriate time was 1986.
ScottishThug
some14some,
Ministry of Finance does the intervention, not BOJ.
Elbuda Mexicano
This sounds like to little and too late, just let the Yen keep getting stronger and stronger baby!