Japan - Former JPY intervention official says it would be ineffective to prop up yen ...Middle East

forex live - News
Japan - Former JPY intervention official says it would be ineffective to prop up yen
Rintaro Tamaki was Vice-Minister of Finance for International Affairs at the Ministry of Finance from 2009 - 2011. This meant he had responsibility for yen intervention. While in office, Tamaki intervened in the market after the March 2011 earthquake and tsunami devastated much of northeastern Japan and triggered the Fukushima nuclear crisis. "We intervened in the market to respond to rapid yen rises in order to regain a sense of stability," Tamaki said. "It was nothing but a smoothing operation. We cannot think of intervention as a means to change currency levels."He spoke on Wednesday saying that the current yen's weakness might be caused not only by interest rate differentials between Jap

Hence then, the article about japan former jpy intervention official says it would be ineffective to prop up yen was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Japan - Former JPY intervention official says it would be ineffective to prop up yen )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News