left foreign exchange intervention unsterilized when Japan entered the liquidity trap in 1999. According to previous … volatility at the turn of the millennium when Japanese foreign exchange intervention started to remain unsterilized. …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …

rates at a given future date triggers a reduction in exchange rate volatility during the interim period. Using a Markov …-switching GARCH model this paper estimates the volatility processes of four EMU exchange rate returns vis-?-vis the German mark using …

Bank of Japan (BoJ) and exchange rate volatility. We use official intervention data for the period 1993-2000 that were … released only recently by the BoJ and find that the interventions of the BoJ increased the volatility of the yen/U.S. dollar … press, were positively correlated with exchange rate volatility. …

, and yen separately have on movements of Asian currencies. Contrary to recent evidence based on daily data, we found … than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region …

China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 …