Tag Archives: BOJ
BoJ Weakens JPY to Boost Exports
Posted on22. Dec, 2008 by admin.
The Bank of Japan’s (BoJ) monetary intervention last week has helped slow down the appreciation of the JPY in this week’s early trading hours. With Japan’s trade gap growing and economy entering a deeper recession, the BoJ needed to take steps to weaken the national currency in order to boost Japanese exports.
So far the intervention [...]
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Bank of Japan Lowers Interest Rates to 0.10%
Posted on19. Dec, 2008 by admin.
The JPY began losing its momentum yesterday after a long week of steady gains. The Japanese currency experienced its first daily drop against the U.S. Dollar as the Japanese Finance Minister stated that currency intervention in the shape of an Interest Rate cut by the Bank of Japan (BoJ) may be used to keep the [...]
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BOJ Remarks Do Little to Move the JPY
Posted on11. Dec, 2008 by admin.
Yesterday’s trading saw the Yen drop slightly against the Dollar, ending the day at 92.44. The drop can be attributed to greater risk taking as investors dumped their Yen positions for higher yielding currencies.
A statement was made yesterday by Bank of Japan (BoJ) Governor Shirakawa, as he signaled for possible direct intervention by the government [...]
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BOJ Increases Lending to Ease Year-End Credit Crunch
Posted on03. Dec, 2008 by admin.
The JPY has strengthened against most of its major counterparts. Japan’s announcement that it would hold its interest rates steady came as no surprise as it has held one of the lowest interest rates worldwide for some time now. In the Bank of Japan’s (BoJ) press conference yesterday it was announced that they would expand [...]
