Japanese Finance Minister let it be resolute intervention in currency markets will respond to appreciation of the yen
Financial peace and quiet to live in Japan soon, said yesterday that the Japanese government prepared to take "decisive measures" to deal with excessive speculation in the foreign exchange
tianjin export market behavior.
According to Xinhua overseas financial news, financial peace and quiet to live in Japan yesterday morning sun on Friday New York trading the yen-dollar exchange rate was another World War II high (75.78) that this trend does not reflect the real economy, if the excessive price increases must take resolute and reaffirming that if the yen will not hesitate to intervene in currency markets soar again.
On live Chun was last Friday (October 21) the next day revealed high yen, the Finance Ministry has been instructed to prepare the responsible person, no matter what the situation can be to deal with.
tianjin sheng da An emphasis on live soon, said the negative impact of soaring yen, mainly for the automobile industry of Japan has a huge impact on exports will weaken the strength of economic recovery after the earthquake. He also expressed the need to ask Congress to pass the third replenishment of the Year 2011 Budget response to yen appreciation.
In fact, the Japanese government on Friday (October 21) approved the third annual 2011 supplementary budget, the size of the budget of 12.1 trillion yen, mainly for the reconstruction and development and respond to a stronger yen. Includes 2 trillion yen yen response special funds. In addition, the Japanese government last week issued a draft response to yen
wires export appreciation, the draft shows the Japanese government and the Bank of Japan will set up a panel composed of officials dealing with the yen's appreciation, while the credit mechanism to expand from 2 to 10 trillion yen in Help mergers and acquisitions, the acquisition of overseas resources
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