Japan Can Conduct 30 More Yen Interventions, Goldman Sachs Says

Goldman Sachs estimates Japan has the capacity to intervene about 30 times at last week’s scale in currency markets, suggesting officials still have substantial firepower. The article says authorities are likely to conserve reserves and intervene only at more effective moments, making this more a reminder of policy flexibility than an immediate market shock.

Analysis

Goldman Sachs estimates Japan has the capacity to intervene about 30 times at last week’s scale in currency markets, suggesting officials still have substantial firepower. The article says authorities are likely to conserve reserves and intervene only at more effective moments, making this more a reminder of policy flexibility than an immediate market shock.