Japan Adopts Stealth Intervention as Yen Gains Hurt Growth
Japan used so-called stealth intervention in November as the government sought to stem yen gains that hammered earnings at makers of exports ranging from cars to electronics.
US, Japan mull sending 4,700 Marines to Guam
The United States and Japan, hoping to break a stalemate over the U.S. military presence on Okinawa, are discussing a plan to transfer nearly 5,000 troops to Guam despite their failure to replace a major Marine base on the southern Japan island.
Japan Adopts Stealth Intervention as Yen Gains Hurts Growth
Japan sold its currency five times in the final quarter of last year, the Ministry of Finance said on its website today, as the government moved to shield exporters’ earnings from the impact of yen gains.
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