Japan's Ozawa Says Intervention in Markets to Weaken Yen a Possibility
Sept. 2 (Bloomberg) -- John Vail, chief global strategist at Nikko Asset Management, talks about equity investment opportunities in Japan and the impact of the strengthening yen on strategy. He speaks with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
Sept. 2 (Bloomberg) -- Bloomberg's William Pesek talks about Japan's efforts to stem the yen's gains and spur economic growth. The yen reached 83.60 per dollar on Aug. 24, the strongest since June 1995. The Bank of Japan boosted a bank-loan program by 10 trillion yen ($118 billion) to a total of 30 trillion yen on Aug. 30, while the government unveiled a 920 billion yen stimulus package. Pesek talks with Linzie Janis on Bloomberg Television's "Global Connection." (William Pesek is a Bloomberg News columnist. The opinions expressed are his own. Source: Bloomberg)
Sept. 1 (Bloomberg) -- Former Bank of Japan board member Nobuyuki Nakahara talks about the central bank's decision to expand a bank-loan program as a means of halting the yen's advance. He speaks from Tokyo with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
Ichiro Ozawa, who is challenging Japanese Prime Minister Naoto Kan in this month’s race to head the ruling Democratic Party, said intervention in currency markets to stem the yen’s appreciation is a possibility.
Japan can also use the strong yen to secure resources globally, Ozawa said today on a TV Asahi program.
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