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"Naoto Kan prepared to interpose Yen Forex Rate further" - indices and money markets

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Old 04-06-2011, 06:16 AM
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Join Date: Jan 2011
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Default "Naoto Kan prepared to interpose Yen Forex Rate further"

The Prime Minister of Japan Naoto Kan alerted that the government has already prepared to adopt the further action to conduct the intervention to forex market, even though the complains are heard everywhere by the politicians in United States and Europe to Japan sold the Yen one-sided.
Naoto Kan said to the Japan Chamber of Commerce and Industry that the strong Yen and weak stock market brings more certainty to the Japan economy.
Japan government entered into the forex market and interposed the forex market for the first time within six years, resulting in that Yen/USD forex rate declined to 3 Yens within several hours.
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