SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Japan stays out of currency markets in January for record 22nd month+
[January 31, 2006]

Japan stays out of currency markets in January for record 22nd month+


(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, Jan. 31_(Kyodo) _ Japan's monetary authorities did not intervene in foreign exchange markets in January for a record 22nd straight month, the Finance Ministry said Tuesday.

The ministry said it conducted no market intervention from Dec. 29 to Jan. 27, extending the longest intervention-free period since March 17, 2004, a sign that the yen has moved orderly against the U.S. dollar in reflection of economic fundamentals of the world's two biggest economies.



Japan's currency policy is controlled by the Finance Ministry with the Bank of Japan acting as its agent.

[ Back To TMCnet.com's Homepage ]










Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy