Japan keeps mum on forex intervention as yen jumps

Why all the secrecy? We all know they intervened.

Putting a band aid on a bleeding artery has little effect…

The incompetency of this Government is legendary. Instead of addressing the root cause of the sharp Yen depreciation, they only know this single thing to do. They really don't address the true cause of why the Japanese economy is no longer competitive on the World scale.

Suzuki said foreign exchange levels should be determined by market forces but rapid fluctuations are undesirable. "In particular, we are concerned about one-sided movements," he added.

The yen keeps going down because… it’s the same way as how water circles the drain. It doesn’t come back up. It’s the natural flow given the terrible policy mix adopted in Japan.

The most rapid fluctuations are those caused by the intervention. How can economic actors plan when they might have to deal with the crazy speculative activities of these central government clowns in the forex markets causing such rapid moves?

At the time, Japanese authorities adopted a strategy known as a "stealth intervention," meant to amplify market jitters by keeping mum about their action.

What a load of BS !