Archive for October 20th, 2009
Japan Flip-Flops on Forex Intervention – 829th Edition
In my report on last month’s Japanese election, I noted that the newly-appointed Japanese finance minister, Hirohisa Fujii, had spoken out against forex intervention. With that, it seemed the matter was closed.
But not so fast! Over the following few weeks, Fujii (as well other members of the new administration) moved to clarify his position, backtracking, [...]
