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  • Japan intervention last week estimated at over $33 bil

    From www3.nhk.or.jp

    video Some estimates put the amount that Japan's government and its central bank spent last week in currency markets to prop up the yen at more than 5 trillion yen, or over 33.6 billion dollars. On October 21, the Japanese currency temporarily surged by more than 7 yen against the dollar, as the government and the Bank of Japan made an unannounced intervention in the New York foreign exchange market. According to data released by the BOJ on Monday, nearly 8 billion dollars are expected to be transferred from financial institutions to the government via the central bank on Tuesday. A financial intermediary company ... (full story)

Are you satisfied? What is the result now? How can you recover your money? You are being converted into one of the big recession countries of global recession soon. Instead, if you work on your policy and GDP, you get the result. First, need your currency to stable then gradually be strong.
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Quoting Ftmofx
Are you satisfied? What is the result now? How can you recover your money? You are being converted into one of the big recession countries of global recession soon. Instead, if you work on your policy and GDP, you get the result. First, need your currency to stable then gradually be strong.
BOJ will recover all money they invested into the intervention and will make a lot of prophet on it!!! They have time and time will make it possible!!! That is the difference between them and us, time is not a factor for them!!!
That's not enough, try again guys.
There could be another disclosure that they joined in buying it to the moon.

$33b down the drain is quite costly
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  • Story Stats
  • Posted: Oct 24, 2022 11:12pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 1,530

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