9 May 2016
Japan ready to intervene if Yen volatility continues - TDS
Research Team at TDS, notes that earlier today, Japan’s Finance Minister Aso said Japan is ready to intervene in the currency market if Yen moves are volatile enough to hurt the country’s trade and economy
Key Quotes
“He also said the US Treasury Dept’s currency watch list doesn't affect how the government carries out fx policy and that the G20 agreed excessive movements are undesirable. The BoJ hasn’t intervened since 2011.”
The minutes from the BoJ’s March meeting were never really going to move the market given how outdated these are now. That said the Bank reaffirmed its expansionary monetary policy till the 2% inflation target is reached.”
Key Quotes
“He also said the US Treasury Dept’s currency watch list doesn't affect how the government carries out fx policy and that the G20 agreed excessive movements are undesirable. The BoJ hasn’t intervened since 2011.”
The minutes from the BoJ’s March meeting were never really going to move the market given how outdated these are now. That said the Bank reaffirmed its expansionary monetary policy till the 2% inflation target is reached.”