Yen's Slide to Weekly Loss Prompts Bets for Another Intervention The Bank of Japan has been struggling to stabilize the yen, which continues to slide despite its latest intervention.
The currency has lost half its gains from last month and now hovers at 159. 43 per dollar. BOJ officials have come under pressure to take more decisive action to reverse the yen's long term decline.
Tokyo's former top currency diplomat Mitsuhiro Furusawa argues that the BOJ must step up its game and signal a willingness to raise interest rates more aggressively.