The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan

This paper presents evidence on the accuracy of press reports regarding the foreign exchange market interventions conducted by the Bank of Japan (BoJ) between January 1995 and December 1999. We find that the reports of interventions in the financial press are a relatively inaccurate indicator for the actual interventions of the BoJ. We also find that the accuracy of press reports of BoJ interventions is higher for those interventions which were carried out jointly by the BoJ and the Federal Reserve

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Year of publication:	2002
Authors:	Frenkel, Michael ; Pierdzioch, Christian ; Stadtmann, Georg
Publisher:	[S.l.] : SSRN
Subject:	Schätzung \| Estimation \| Japan \| Wechselkurspolitik \| Exchange rate policy \| Politische Kommunikation \| Political communication \| Wirtschaftsinformation \| Economic information \| Monetärer Indikator \| Monetary indicator

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Extent:	1 Online-Ressource (20 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 28, 2002 erstellt
Other identifiers:	10.2139/ssrn.309919 [DOI]
Classification:	F31 - Foreign Exchange ; F33 - International Monetary Arrangements and Institutions ; G14 - Information and Market Efficiency; Event Studies ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014117201