It may have been a victory lap of sorts. One day after the ruling Democratic Party of Japan leadership contest was resolved in prime minister Naoto Kan’s favour, the Japanese government intervened in the currency market to weaken the yen. While the move is a welcome escape from Tokyo’s policy paralysis, its significance is more political than economic.
这或许是胜利者“绕场一周”之类的举动。在执政的日本民主党党内领导挑战以首相菅直人(Naoto Kan)胜出而了结的一天后,日本政府出手干预汇市,以压低日元汇率。尽管相对于东京方面的政策瘫痪而言,此举是一个可喜的转变,但其政治上的意义要大于manbetx20客户端下载 意义。
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