Resource title

The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan

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Resource description

This paper presents evidence on the accuracy of press reports regarding the foreign exchange market interventions conducted by the Bank of Japan (BoJ) between January 1995 and December 1999. We find that the reports of interventions in the financial press are a relatively inaccurate indicator for the actual interventions of the BoJ. We also find that the accuracy of press reports of BoJ interventions is higher for those interventions which were carried out jointly by the BoJ and the Federal Reserve.

Resource author

Michael Frenkel, Christian Pierdzioch, Georg Stadtmann

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Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/17775

Resource license

Adapt according to the presented license agreement and reference the original author.