Japanese deputy finance minister Motohisa Ikeda claimed today that the country’s government is ready to act decisively in case of sharp bounce of yen’s rate, so the currency intervention of Japanese monetary authorities is possible.

The policymaker underlined that unsterilized intervention in which the central bank don’t insulate domestic money supplies from the foreign exchange transactions would be effective and able to stop the strengthening of the national currency. For the operation to be successful, Japan’s government has to cooperate with the central bank.

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