Thursday, September 8, 2011

Japan Keeps Rates Near Zero; Won't Follow Swiss Move on Currency - WSJ.com

Japan Keeps Rates Near Zero; Won't Follow Swiss Move on Currency - WSJ.com

Japanese officials also have said that the yen foreign-exchange market is about three times the size of trading in the Swiss franc. One official said that putting a peg in place would require a country to either impose capital restrictions or effectively abandon its monetary policy.

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