Plea to central banks
Sunday 11 June 1995
Yasuo Matsushita said central bankers should help the market understand their policy intentions. He was speaking in the wake of the renewed strength of the yen this year, which has sparked fears of a tough squeeze on the Japanese economy.
Addressing the Association Cambiste Internationale, an umbrella group for the world's currency traders, he said: "Price formation of the US dollar has been influenced by market misinterpretation regarding the [US- Japan] trade dispute and the exchange rate."
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