Bank of Japan Stepping it Up?
August 12, 2010
Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today:
“There are substantial fluctuations in the foreign exchange and stock markets mainly against the backdrop of growing uncertainty about the outlook for the U.S economy. The Bank of Japan will carefully monitor such developments and their effects on Japan’s economy”.
Posted in 2009 japanese yen, 2009 japanese yen forecast
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August 12th, 2010 at 5:50 pm
Intervention possibly?
August 13th, 2010 at 2:11 am
I like such statements very much - he said nothing on the topic, but gave an answer to the question. It seems he doesn’t want to show all his cards.
August 18th, 2010 at 5:34 pm
The concerns with Japan’s banking system only demonstrates that the there is a world economic crisis and not just in the US. Everone is tied together, when one major currency fluctuates due to the economy so do others.