Tuesday, June 22, 2004
Yahoo! News - More Japan Currency Intervention Seen Difficult: "Most analysts agree that the yen's five-percent rise against the dollar in the past month to its highest in two months is unlikely to herald any action from the Finance Ministry.
But even if it did, they said, the rising cost of financing intervention and the difficulty of explaining why it is needed as the economy powers ahead will put a brake on the kind of heavy yen-selling that Japan carried out last year. "
But even if it did, they said, the rising cost of financing intervention and the difficulty of explaining why it is needed as the economy powers ahead will put a brake on the kind of heavy yen-selling that Japan carried out last year. "
