Can yen-buying intervention be justified?
3/25The USD/JPY rate is approaching the 152 level, and from the Ministry of Finance there were statements restraining a weaker yen. It is believed the remarks were made out of concern that exceeding last year's high of151.90 yen could accelerate a depreciation of the yen. Going forward, if the Ministry of Finance and the Bank of Japan intervene to buy yen,2022 may differ in nature from previous interventions, so its legitimacy should be examined.
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