Tag: ForexIntervention

Articles tagged with "ForexIntervention" (1 articles)

Bank of Japan Replaces Forex Intervention with 'Tug-of-War,' Enlisting High School Baseball Players' Muscle to Halt Weak Yen

Bank of Japan Replaces Forex Intervention with 'Tug-of-War,' Enlisting High School Baseball Players' Muscle to Halt Weak Yen

Despairing over traditional interventions where trillions of yen evaporate in seconds, the Bank of Japan has announced a full transition to a 'USD/JPY Tug-of-War' powered by 2,000 high school baseball players. In an operation to physically haul back the exchange rate with a colossal hemp rope, mud-caked teens roar, 'Stronger yen! Stronger yen!' Though initially stunned, the market welcomed the price support, noting that 'paying for Salonpas muscle patches is overwhelmingly cheaper than issuing trillions in government bonds.'

Translations: JA