Mizuho: Japanese authorities are deliberately lowering the predictability of market interventions on the exchange rate

华尔街见闻2026/03/30 14:29

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"The foreign exchange policy of Japan has consistently avoided formulaic rules, instead favoring discretionary judgment based on prevailing market conditions. This stance in itself deliberately reduces predictability," wrote senior strategist Masayuki Nakajima of the Japanese bank in a report.

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Mizuho: Japanese authorities are deliberately lowering the predictability of market interventions on the exchange rate

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