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Surging yen levels as Tokyo hints of intervention

9 Comments

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9 Comments
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Intervention's not going to change much of anything. The market forces are too strong right now, with the US interest rate near zero.

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Japan should use the strong yen buy power to buy up more foreign companies/assets for future business.

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“We will take appropriate measures, including currency intervention, at the appropriate time,”

the right time was 3 months ago

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I am lovin' Amazon dot UK / USA / Australia...

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Japan warned of possible intervention in the foreign exchange market and ahead of an expected rate cut by the country’s central bank.

Go ahead, it is not illegal for BOJ or any other Central Bank to intervene, what is there to warn market players?

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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??

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“We will take appropriate measures, including currency intervention, at the appropriate time,”

The appropriate time was 1986.

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some14some,

Go ahead, it is not illegal for BOJ or any other Central Bank to intervene, what is there to warn market players?

Ministry of Finance does the intervention, not BOJ.

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This sounds like to little and too late, just let the Yen keep getting stronger and stronger baby!

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