Intraday Market Thoughts

Archived IMT (2009.05.14)

by Ashraf Laidi
May 14, 2009 21:11

About those Japanese comments boosting the yen: Japanese policy maker Masaharu Nakagawa (from DPJ Opposition party) said Japan should boost international use of yen; should mull asking us to issue yen bond, important to

diversify Japan FX reserves; shouldn't buy USD debt; Japan should talk to china about FX cooperation. Those comments were reported by the BBC this week. But when Mktnews Int'l asked Nakaawa about the comments, he only said those were made a month ago...rather than denying them.


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