Yen

Tokyo seeks US support to curb yen rise

Senior Japanese officials yesterday hinted that Tokyo was stepping up its efforts to win tacit US support for measures to prevent the yen from strengthening in the aftermath of last week's terrorist attacks in the US.

Shiokawa to discuss forex with O'Neill

JAPAN - Although the government wants a weaker yen to accompany the Bank of Japan's easy monetary stance, it is hard to intentionally drive currency rates, Japanese Finance Minister Masajuro Shiokawa said today, 5 September.

Japan profits on yen interventions

JAPAN - The Japanese government has made a profit of about YEN 6,000bn ($49bn) on its foreign exchange reserves during the last decade, partly due to heavy bouts of intervention, a former Ministry of Finance official has said.

No plan to drive yen lower, Hayami says

Bank of Japan Governor Masaru Hayami said on Mar 8, 2001 he was alert to the risk of a vicious deflationary cycle but firmly denied that he wanted to push the yen lower to induce inflation.

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