downloadbingo| Bank of America: Japan expected to limit foreign exchange intervention to maintain reserves

Gelonghui April 30| Bank of America's Shusuke Yamada and Izumi Devalier said in a report that Japan's Ministry of Finance's foreign exchange intervention this year is unlikely to exceed US$327 billion. this value isdownloadbingoThey are against Japan 1downloadbingo.3 trillion in foreign exchange reserves estimated by deposits and short-term securities. They said intervention could increase if the yen depreciates by more than 170 against the dollar. Japanese authorities "may not want foreign exchange reserves to fall below US$1 trillion because of the psychological impact it would have." The Japanese government has not formally confirmed its intervention yesterday when the yen strengthened against the dollar.