Fatum, Rasmus (contributor); … - 2005
both in limiting yen exchange rate appreciation and influencing the
direction of monetary policy. The two main questions … addressed in this study are: Was
the intervention effective in slowing exchange rate appreciation compared to a
counterfactual …
Despite these efforts the yen exchange rate appreciated more than 14 percent
during these 15 months, moving from 119 to 104 …