The accuracy of press reports regarding the foreign exchange interventions of the Bank of Japan

By Michael Frenkel, Christian Pierdzioch, Georg Stadtmann

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:	May 2002
Authors:	Frenkel, Michael
Other Persons:	Stadtmann, Georg (contributor) ; Pierdzioch, Christian (contributor)
Institutions:	Institut für Weltwirtschaft (contributor)
Publisher:	Kiel (Germany) : Kiel Institute of World Economics
Subject:	Foreign exchange market \| Central bank interventions \| Press reports of interventions \| Bank of Japan \| Wechselkurspolitik \| Exchange rate policy \| Politische Kommunikation \| Political communication \| Wirtschaftsinformation \| Economic information \| Monetärer Indikator \| Monetary indicator \| Schätzung \| Estimation \| Japan \| 1995-1999

Extent:	ca. 20 S. Tab.
Series:	Kiel working paper. - Kiel : [Verlag nicht ermittelbar], ISSN 1862-1155, ZDB-ID 2107612-1. - Vol. No. 1108
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/17775 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011474901