Ito, Takatoshi - Institute of Economic Research, Hitotsubashi University - 2005
motivation of starting intervention in January 2003 was to keep the yen from appreciating in the midst of financial and … conducted by the Japanese monetary authorities from January 2003 to March 2004, and to discuss whether the interventions … macroeconomic weakness. The economy started to show some strength in the second half of 2003, but interventions continued, with a …