Outgoing BoJ chief doubts market interventions use

Speaking on Friday Bank of Japan governor Masaru Hayami said he thought central banks attempts to intervene in the foreign exchange market were not vary effective.

Source: Bluebull

The outgoing Bank of Japan governor Masaru Hayami today voiced strong scepticism about the effectiveness of monetary authorities' intervention into foreign exchange markets. "Foreign exchange trading is going on for 24 hours, involving deals worth more than USD1 trillion," Mr Hayami told his last regular news confere

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