Corporate foreign exchange news

Japan: The central bank is ready for action

Thursday, 02 February 2012 08:37:55 GMT

Japan's finance minister Jun Azumi has warned that the central bank is ready to take decisive action to offset further accelerations in its currency.
Japan recently carried out a currency market intervention selling an estimated daily record of around ¥7.5 trillion, which bolstered the dollar in the short term. However the finance minister stated that this wasn’t enough, and currency levels were still 'unpleasant'.

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