BOJ's Focus on Keeping Policy Easy Nudges Down Yen

The video discusses concerns about market intervention, emphasizing that it's not about specific levels but rather market movement. A threshold of 150 is seen as significant, and officials are prepared to act if necessary. The conditions for Japan to enter the market include a rapid ¥2 movement against the dollar. However, justifying intervention is challenging without excessive moves. Any intervention would be temporary, as recent BOJ remarks suggest limited effectiveness.

What is the main focus when considering market intervention according to the officials?

• Specific levels of the market

• The number of transactions

• The time of day

• The movement of the market

What threshold is mentioned as significant in the discussion of market intervention?

• 200

• 150

• 120

• 100

What specific market movement might trigger Japan's intervention?

• A ¥1 movement against the dollar

• A ¥5 movement against the dollar

• A ¥2 movement against the dollar within a few hours

• A ¥10 movement against the dollar

What challenge does Japan face in justifying market intervention?

• High costs of intervention

• Difficulty in explaining to international allies

• Insufficient market data

• Lack of international support

What did Janet Yellen recently say about Japan's potential market intervention?

• It would be unnecessary

• It would be ineffective

• It would be understandable

• It would be controversial