Kan reiterates that rapid forex moves are undesirable and vows to take decisive steps against undesirable moves. He is aware, he says, that there are various views on FX intervention.
Say what you will about intervention but taken in total, Japan has done quite a bit. The BOJ injected fresh cash into the system a few weeks ago, they have intervened in the market and are not sterilizing and they are proposing fresh stimulus. At least they’re tryin’