Japanese Yen Is Getting Higher And Higher, And Japanese Government'S Intervention Will Increase.

　　 Yen It has risen to a record high after the war. The market expects that the Japanese government will adopt a new round of intervention as early as Monday, and at the same time calls for further easing of monetary policy by the Bank of Japan.

On Friday, New York's yen rose to a new high against the dollar, the highest level since the intervention of the Japanese government in August 4th with a scale of 4 trillion and 600 billion yen. Takehiko Nakao, deputy finance minister of Japan's finance ministry in charge of international affairs, said that Japan will take prudent measures to intervene in the foreign exchange market. (Nakao Takehiko) The US dollar fell to 75.94 yen against the yen.

Although the US dollar rose to 76.54 yen after recovering from the Japanese yen in the New York market, analysts and traders said the Japanese government is facing pressure to intervene again in the foreign exchange market.

When asked about Japanese Yen Uptrend The problem is that Yoshihiko Noda, the Japanese finance minister, told NHK television that the urgent task for the new week is to respond to the market. Noda Kahiko,

Yuji Saito, head of the foreign exchange market at Credit Agricole in Tokyo, said that foreign exchange investors were well prepared to deal with Japan's intervention, and that they would be ready early Monday.

In a report released on the weekend, Capital Economics said the intervention earlier this month did not succeed, and Japan's policymakers have not taken action yet, but ponder the next step. The bank said the possibility of the Japanese government being forced to act again has been greatly increased, and it is not too late.

Saito said Japan may take concerted measures to raise the US dollar to 80 yen, but he also said that to achieve this goal, it will cost a lot of money and needs. Sell off Large scale Japanese yen.

But many political leaders and market analysts believe that if the intervention is to succeed, the Bank of Japan also needs new measures to cooperate.

Tanigaki, the leader of the opposition Liberal Democrat Party (Sadakazu Tanigaki) on Sunday in the NHK television program, said the Bank of Japan must take certain measures to help curb the yen's rise.

According to people familiar with the idea of the Bank of Japan, the Bank of Japan is ready to take further steps when necessary.