Japan to boost forex war chest by Y30 trillion

P_$$ing into the wind ....

idiots, you don't release PR's you are about to do this it makes what you are about to do worthless.

What is "soaring" about the yen?

It's been around 1 USD = 77.8581 JPYfor quite some time.

the only way they can crash the yen is to start printing mountains of cash, just like the Americans, will counter deflation and make the currency worth less, unfortunately the Japanese constitution doesnt allow this. or you can just blow yen by buying $US which only works in the short term.

Japanese regulators also need to look at the US and Euro banks that are speculating on the yen and bar them from doing any future business in Japan. Why should we allow these morally bankrupt firms to operate in Japan when they are acting against out best interests?

War chest... That sounds damaging. Unfortunately everything they have tried is about as damaging as throwing rocks made of cotton wool. i.e. totally ineffective...

the only way they can crash the yen is to start printing mountains of cash, just like the Americans, will counter deflation and make the currency worth less, unfortunately the Japanese constitution doesnt allow this. or you can just blow yen by buying $US which only works in the short term.

If it's true that Japan can't print more cash like the FED, then they are doomed. As that long term graph shows, a constant supply of yen against an increasing amount of dollars is only going to get stronger and stronger. No intervention at all by the government can help that.

Just wondering: how much could the yen have changed if the financial scandals that happened lately didn't happen at all?

Citi, CMG, Olympus, Panasonic, the several other companies who have made the financial news lately whose total amount easily reach hundreds of billions of yen.

On top of that, recalls of Toyota and Honda are also hurting the export market.

Just wondering: how much could the yen have changed if the financial scandals that happened lately didn't happen at all?

Negligible effect.

So they're raising the limit of the foreign exchange fund bills from 165 trillion yen to 195 trillion yen.

Japan is getting desperate these days. ^^

Maybe, but if they hadn't done it, the yen would be 50 to the dollar by now

I agreed with Farmboy. Take an advantage of the strong yen.

j4p4nFTWDec. 21, 2011 - 02:18PM JST

Japanese regulators also need to look at the US and Euro banks that are speculating on the yen and bar them from doing any future business in Japan. Why should we allow these morally bankrupt firms to operate in Japan when they are acting against out best interests?

Apparently, you are missing the fact. The biggest speculator is China.

Why did US and Europe allow many Japanese companies doing an illegal price fixing? You asked for it. Maybe we should ban all these Japanese corporations from our markets. Thanks for a good advice.