Analysts said the ministry’s continued standing outside the currency markets showed that the movements of exchange rate in the year have been regarded as within allowable range. The ministry’s last intervention in the markets through its agent the Bank of Japan was during the 15 months from January 2003to March 2004 to restrain the yen’s sharp appreciation. read more
[Tags]markets, ministrys, 15, 2003to, 2004, agent, forex news[/Tags]
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