Japan Currency Intervention
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![August 4, 2011, Tokyo, Japan - A man walks past a stock market indicator board, August 4, 2011, in Tokyo, Japan. The U.S. dollar staged a strong rebound to near 80 yen. The Finance Ministry and the Bank of Japan intervened August 4 in the foreign exchange market, selling a huge amount of yen to purchase the U.S. dollar, the first such move by the country since March. Japan is heavily dependent on exports for generating even the meagre economic growth of the past few years. The Japanese currency has been getting stronger since the March 11 earthquake and tsunami. The Japanese export industry, a global manufacturing and export base, is influenced for the worse by a strong yen. (Photo by Tomoyuki Kaya/AFLO) [3694]](http://cdn.c.photoshelter.com/img-get/I0000i.gGvBCXvgE/t/124/I0000i.gGvBCXvgE.jpg)
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