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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Kiel Working Paper ; No. 1108

Classification and Topics

• Classification: Wirtschaft ; Foreign Exchange ; Information and Market Efficiency; Event Studies; Insider Trading ; International Financial Markets ; International Monetary Arrangements and Institutions
• Subject: Foreign exchange market ; Central bank interventions ; Press reports of interventions ; Bank of Japan ; Wechselkurspolitik ; Staatliche Information ; Wirtschaftsinformation ; Monetärer Indikator ; Schätzung ; Japan

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Frenkel, Michael ; Pierdzioch, Christian ; Stadtmann, Georg
• Event: Veröffentlichung
• (who): Kiel Institute of World Economics (IfW)
• (where): Kiel
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/17775
• Last update: 10.03.2025, 11:42 AM CET