Tag Archive: MoF

History of Bank of Japan Interventions

We show the history of Japanese FX interventions. The Japanese only intervened when the USD/JPY was under 80. Therefore the 2016 FX intervention threads at 108 are ridiculous. As opposed to the Swiss National Bank, the Japanese only talk, they do not fight.

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(8) Currency Wars: How to Push and Talk Down Your Currency?

Currency wars
Direct or indirect intervention is credible only in countries where domestic asset prices are undervalued and CPI/asset price inflation are no issues. Otherwise they create medium-term risks.

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SNB Remains the Only Central Bank Currency Warrior: The Japanese do not Fight, they Talk

Currency Warriors
Central Bank data show that the Swiss National Bank (SNB) remains the only central bank that strongly participated in currency wars with FX intervention, while the Japan was just verbal intervention.

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Is a Liquidity Trap Really a Problem? Yen Debasement Part3 by Noah Smith

2013-02-10

by

2013-02-10

Thoughts on the Japanese Currency Debasement (part 3) In previous posts we looked on the following aspects of the recent Japanese currency debasement: Overview: What different leading economists – Paul Krugman, Richard Koo, Adam Posen, Kyle Bass – think about the Japanese currency debasement and the way to more private spending and investing instead of …

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