Fujii hints at intervention to stop yen from rising any further

Tuesday 29th September, 01:42 PM JST

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usaexpat at 11:38 PM JST - 29th September

Anything lower than 100 yen to the dollar is abnormal. I find it odd that Yen is so strong considering Japan's economy is as much of a mess as the US.
goldsounds at 11:38 PM JST - 29th September

Strong yen = cheaper products on import. That's a good thing, and such a strong currency has been earned by the people here with strong work and savings ethics. Destroy that, and we might as well just act like the U.S.
stealth_one at 12:42 AM JST - 30th September

Reads like some of you are auditioning for Fujii's job !!
goldsounds at 01:07 AM JST - 30th September

Anything lower than 100 yen to the dollar is abnormal. I find it odd that Yen is so strong considering Japan's economy is as much of a mess as the US.

Not true. Japan is wasting its money and borrowing lots, but not from other countries. The U.S is in much more trouble because its debt is foreign, and savings are very low. "abnormal"? What is it about the dollar that a 100 - 1 ratio (yen to dollar) is "normal"?
usaexpat at 01:11 AM JST - 30th September

goldsounds: 1-100 is normal because that is how the US and Japanese economies function at their best in trade deals at least that was the case in previous times.
noborito at 01:58 AM JST - 30th September

usaexpat... you are kidding right. 200 to 1 is how it has been for most of the 20th century.
usaexpat at 02:26 AM JST - 30th September

noborito: In the last 20 years even during the bubble and bust the rate has been between about 85 YTD and 140 YTD
pathat at 03:29 AM JST - 30th September

The DPJ gets into power and starts to renege on its stated intention not to intervene to stop a rising yen.

It's politics as usual. Anything to kowtow to the almighty export market in order to continue a misguided approach to getting Japan out of a decade-and-a-half long economic funk.

Japan won't change.
apecNetworks at 03:32 AM JST - 30th September

Looks good..... my post was prophetic.

apecNetworks at 04:33 AM JST - 17th September

Correction:

rajakumar at 03:09 PM JST - 16th September

PM Hatoyama,welcome to Shakedown Japan 2009/2010s Job,nice tie.

Shakedown 2009/2010s management ,requires more than nice ties.

From my sources, I tend to agree that that may be in the cards - we'll see in the first 90 days if Forex is involved.............

I was receiving quality info from the horse's mouth during the Clinton period, and they knew what was planned - this was from the VERY top. I was given pieces to a complex puzzle, and I was able fit the pieces together - I guess the info is still relevant.
apecNetworks at 03:38 AM JST - 30th September

This is "BINGOOOOOOOO ANALYSIS".
GJDailleult at 07:26 AM JST - 30th September

Any intervention means Japan will be stuck holding even more US dollars, and they are already at the $1 trillion mark. That might be the real reason they don't want to intervene. This latest statement though is just to try and keep people from getting too confident that they won't intervene.
apecNetworks at 08:20 AM JST - 30th September

If Japan can do it, it would be better to get off the float, and make the Yen less volatile to market manipulations. Going on and off the float may be a compromise, at least till July 2010. Things are bad if my forecasts are accurate.
memyselfI at 08:32 AM JST - 30th September

Please let it soar. It's great for ordering online .
davidattokyo at 09:43 AM JST - 30th September

Let it soar or let it slide, so long as you pick the right direction you can profit either way. (Retail FX brokers let you sell a currency you don't have, so long as you have some capital in another currency to cover your potential losses)
Yelnats at 12:29 PM JST - 30th September

Compare the price of Big Macs, and that will tell you where the Yen should stand against the dollar and Euro.