TOKYO -- Japan's government and central bank are ramping up their verbal warnings to stem the yen's rapid descent, but such comments have had little success as the market sees little chance of actual intervention.
Verbal intervention having little effect as market sees regulators' hands tied
Bank of Japan Gov. Haruhiko Kuroda has few policy options that can be used to halt the currency's slide. © Reuters
TOKYO -- Japan's government and central bank are ramping up their verbal warnings to stem the yen's rapid descent, but such comments have had little success as the market sees little chance of actual intervention.