The Bank of Japan is signaling it may soon intervene as the yen hits 24-year lows. It will need to do more than throw money at the foreign exchange markets to halt the slide, says JennHughes13
Bank of Japan Governor Haruhiko Kuroda attends a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon/File PhotoHONG KONG, Sept 15 - Wall Street’s recent woes suggest its stock markets have accepted the old advice of “don’t fight the Fed”. Battling the Bank of Japan, however, has historically offered better odds.
Central bank interventions have been rare in recent years under a general G20 dislike of protectionist policies, although Japan has tended to insist that disorderly market moves merit an exception. The BOJ itself has not stepped in
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