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

Michael Frenkel, Christian Pierdzioch and Georg Stadtmann

No 1108, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

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.

Keywords: Foreign exchange market; Central bank interventions; Press reports of interventions; Bank of Japan (search for similar items in EconPapers)
JEL-codes: F31 F33 G14 G15 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: The accuracy of press reports regarding the foreign exchange interventions of the Bank of Japan (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1108

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