Japan Can’t Curb Yen Acting Alone, Bank of Korea Governor Says

Japan can’t stem appreciation of the yen acting by itself because currency-market intervention by a single country has limited effect, according to Bank of Korea Governor Kim Choong Soo.

“Japan, alone, cannot resolve the problem of the strong yen,” Kim said at a media seminar in Incheon, southeast of Seoul, three days ago. “Japan will need policy coordination with others, including the U.S. and China. The effect is limited when one country tries to handle the issue by market intervention.”