FX policy and intervention
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From worrying about the US administration’s dollar policy, the focus is now firmly on Japan and if, when and at what level it will intervene. Pete Luxton takes a look at the risks of G3 intervention
G3 FX policy is thrown starkly into the limelight this month, as Japan’s Minister of Finance Shiokawa and US Treasury Secretary Paul O’Neill meet on Wednesday, and G7 rears its head at the end of September.
History suggests that the Ministry of Finance (MoF) (through the Bank of Japan) will, if
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