149-It's liquidity trap....? Really?/Yen for intervention/Japan intervenes to force down yen

Japan intervenes to force down yen

Japan intervened in the currency markets on Thursday to slow the rapid rise of the yen, in the latest response by policymakers to deal with the worsening outlook for the global economy.
The Bank of Japan also announced an additional Y10,000bn to its Y40,000bn asset-purchase programme, to limit the damage of the country’s rising currency on the export-driven recovery in the wake of the devastating earthquake and nuclear disaster earlier this year..................



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