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moneyslots| Bank of America: Japan expected to limit foreign exchange intervention to maintain reserves

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Gelonghui April 30| Bank of AmericamoneyslotsShusuke Yamada and Izumi Devalier of Japan's Finance Ministry said in a report that the scale of foreign exchange intervention by Japan's Ministry of Finance this year is unlikely to exceed 3.3 percent.moneyslots, US$27 billion. this value ismoneyslotsThey are against Japan 1moneyslots.3 trillion in foreign exchange reserves estimated by deposits and short-term securities. They said intervention could increase if the yen depreciates by more than 170 against the dollar. Japanese authorities "may not want foreign exchange reserves to fall below US$1 trillion because of the psychological impact it would have." The Japanese government has not formally confirmed its intervention yesterday when the yen strengthened against the dollar.

moneyslots| Bank of America: Japan expected to limit foreign exchange intervention to maintain reserves