Market Overview

Bank of Japan May Soon Stabilize Rates

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Bank of Japan May Soon Stabilize Rates

There were indications yesterday that Bank of Japan may step in to stabilize rates if the yen keeps getting stronger and stronger. According to the Japanese Finance Minister, Hirohisa Fujii, he said on Thursday that , “If the currency market moves abnormally, we may take necessary steps in the national interest”.

       Strong yen has been hurting stock values and crippling the financial market.

Posted-In: BOJ Japan Japan TimesInitiation

 

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