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Title:The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan PDF Logo
Authors:Frenkel, Michael
Pierdzioch, Christian
Stadtmann, Georg
Issue Date:2002
Series/Report no.:Kieler Arbeitspapiere 1108
Abstract: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.
Subjects:Foreign exchange market
Central bank interventions
Press reports of interventions
Bank of Japan
JEL:F31
G14
G15
F33
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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