Japan Plans To Expand Forex Intervention Fund
2011-09-30 11:17:56
Japanese Finance Minister Jun Azumi reportedly said Friday that the government plans to raise the size of currency intervention fund by 15 trillion yen to 165 trillion yen.
The extra funding requirement will be included in the third extra budget, which is to be compiled in the coming month, he told reporters.
The government has already used 119 trillion yen for intervention. As such, the proposed increase from 150 trillion yen would leave 46 trillion yen available for further intervention, said Azumi.