The Japanese Economy
The dollar value of the yen has risen recently despite quantitative easing by the Bank of Japan. In addition, Japanese authorities intervened against the yen in late May and early June. Market observers, however, do not view these actions as particularly strong and speculate that stronger actions may be forthcoming if the yen continues to appreciate and damage Japanese exports.
Suggested citation: "The Japanese Economy," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-07, pp. 08, 07.01.2002.