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WSJ: Japan Frustrated by Firm Yen

March 15, 2010 at 00:10 UTC || By Forex Playmaker

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The Wall Street Journal reports that Japan’s new government remains frustrated by an ever strengthening Yen:

Japan’s stubbornly strong currency is becoming a source of frustration for the country’s new administration, and a source of confusion for many traders.

Prime Minister Yukio Hatoyama tried to weaken the yen Friday through the unusual step of talking down the Japanese economy in front of parliament. He called for international help to contain the yen’s advance.

You can bet that if the Yen continues to strengthen in coming months, the Bank of Japan will actively intervene to limit JPY appreciation.

Full Article: Japan Frustrated by Firm Yen

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Tags: Bank of Japan, Japanese Yen, JPY

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