BoJ credit withdrawal strengthens the yen despite record interventions

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• Princes of the Yen whole source · open book

  This credit shrinkage strengthened the yen to close to ¥100/$ by the end of 1999, despite new record foreign exchange interventions ordered by MoF. The Bank of Japan again oversterilized them.

  chapter: 11. The Battle of the Yen

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• Richard Werner author of the source

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• Princes of the Yen: Japan built, bubbled, and broken step 286

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