politics

Japan to take 'decisive action' against yen's rise: report

28 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© 2011 AFP

©2019 GPlusMedia Inc.

28 Comments
Login to comment

Pity they just dont act instead of talking about it.

1 ( +2 / -1 )

First they must decide what to do...

0 ( +1 / -1 )

What happened to that another press release about a "war chest"? Just talk... firstly if you plan to do this you DO NOT announce it, it just further drives your currency the wrong way... it telling you the dealer folds on 10 when playing blackjack, you just don't do it.

0 ( +1 / -1 )

“decisive action” against speculative moves in currency markets

Yes, well, the dollar looks weak, and the yen looks better, so the money is tending to go out of the dollar and into the yen. I don't think it's so speculative, though....more of a fundamental assessment of risk.

3 ( +3 / -0 )

So far it has been derisive action.

0 ( +0 / -0 )

Huge increases in the Aussie dollar also over the past 6 months - I guess the speculative investors park their currency in the safest and strongest places in this time of crisis. Not good for Aussie or Japanese export industries though. And I doubt the Japanese government can do anything - as for intervention they are pretty much throwing thimbles of water at a fire...

3 ( +3 / -0 )

"easier said than done." Do they really need to make such BOLD announcement in advance?

0 ( +0 / -0 )

Wish the yen rate would go up to at least ¥110 to the dollar. (Yes, I'm dreaming) Some (most of) my savings is in Dollars (from my Ma passing away)...and I sure ain't gonna change it at this yen rate...

0 ( +0 / -0 )

There have been several decisive actions taken. The yen keeps getting stronger... Guess this time they will make it work! And, it might, for 1/2 day...

3 ( +3 / -0 )

Bwah-ha-ha-ha..!

-2 ( +1 / -3 )

It seems that the comments made here are better informed than the Japanese government about the yen dollar rates.

0 ( +1 / -1 )

didnt they say the same exact thing about 6 weeks ago? The good news is no one, not the Japanese public nor outside world, really listens to or cares what the Japanese government has to say.

-1 ( +3 / -4 )

In terms of real purchasing power, the US dollar was worth 111.39 YEN in 2010. The exchange rate (average) was 88.09 YEN for 2010.

1 ( +1 / -0 )

More talk, no actual action. Even if Japanese government take any action, it will have minimal impact as other countries will not support or join this action. End result will be short term depreciating J Yen and then market rates will prevail, which would hover around 76 rate of today.....

1 ( +1 / -0 )

For people who are working as Japan employee, earning in J Yen and are based outside Japan on expat basis, this is a great time. Same amount of J Yen can buy much more local currency in foriegn country. I have been lucky to enjoy this for last two years now :).

1 ( +1 / -0 )

If anyone is in forex, they`ll know that Japan has been talking about this for months. I doubt anyone believes them any more.

3 ( +3 / -0 )

The Japanese in london are enjoying twice the income, but you have to be prepared to take the rough with the smooth.

-3 ( +1 / -4 )

So what action does he suggest? Trash the Yen with idiot monetization, like the EU and US are doing? That is a race to the bottom. Nobody wins that.

0 ( +1 / -1 )

if yr going to print tons of $$$$$$$$$$$ use it for Tohoku!

Then at least you wud be doing something potetiallly useful!

0 ( +0 / -0 )

When???!!!

-1 ( +0 / -1 )

It's time to do something like what switzerland did, that is to say, publically state a level below which the exchange rate will not be tolerated. that put an end to the "safe haven" speculation of the cretins playing the currency markets.

if japan came out and said something like that, and then threw an unlimited amount of yen at it, the issue would be settled. manufacturers could have some semblance of predictability on pricing, etc,

and, more importantly, you cut off an outlet for the speculators. as soon as they put money in raising the rate, you throw money back, and they loose, because as the government, you can print the money.

damn the speculators, full steam ahead.

1 ( +1 / -0 )

Next to come from Tokyo, Santa Clause, the Easter Bunny and a PM that lasts over a year before resigning in disgrace.

0 ( +1 / -1 )

Japan when you turn on the presses give me a few million to help me pay down my damned mortgage so its at least useful ok!

0 ( +0 / -0 )

Hope everyone catched a hidden message from BOJ. They are well prepared in advance for global market volatility. I am glad FINALLY BOJ is proactive.

0 ( +0 / -0 )

Fu Fu Fu,Decisive Action, Fu Fu Fu, never seen it doubt I ever will. But it sounds great "Decisive" We are Decisive...great. What do the other politicians think? Never heard any Japanese person ever say "Decisive", where are the pointless meetings?

0 ( +0 / -0 )

May be it is time for another great depression

0 ( +0 / -0 )

Probably a year from now the yen will be in the high 60's....

-1 ( +0 / -1 )

Very decisive talking I see here from the Japanese government.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites