On October 31. 2011. Japan intervened in loco markets to tame the yen (¥) to wea

Question

On October 31. 2011. Japan intervened in loco markets to tame the yen (¥) to weaken the dollar According to a recent financial limes article (February 7. 2012). the U S criticized the Japanese govern inert for this type oi intervention What is an explanation lot the U S's cites? 9 The U S was worried that U S consume** waxed buy few Japanese products % I he U.S. was worried that Japanese consumers would l*iy NV>te U S products, leading to hostages m the U.S. The U S was worried that U b producers competing with Japan would lose business # a and c only.

Explanation / Answer

with the country J would lose business.

Intervening in Forex could make yen stronger than dollar. This is a fearing aspect of US government, since the domestic industries has to compete with a country having higher currency value.

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