jointly intervene the next day to reduce the value of the yen, citing concerns about “excess volatility and disorderly … movements.” The yen immediately depreciated and traded with much less volatility in the subsequent week. …

The Japanese yen appreciated strongly and rapidly against other major currencies in the wake of the massive March 11 … intervene to weaken the yen. This episode resembled the two most recent G-7 coordinated interventions: the June 1998 effort to … strengthen the yen and the September 2000 effort to strengthen the euro. Exchange rates reacted strongly and quickly to these …

We examine the determinants of issuance of yen-denominated international bonds over the period from 1990 through 2010 …. This period was marked by low Japanese interest rates that led some investors to pursue "carry trades," which consisted of … funding investments in higher interest rate currencies with low interest rate, yen-denominated obligations. In principle, bond …