Japan’s Yen Intervention Stopped At 79.19 By Word Play
Posted on October 31st, 2011 by Akky Akimoto
Japan is reported to begin Yen intervention today. But after the initial US dollar surge, Yen stalled around 79.19 against 1 US dollar over 3 hours.
As pointed on 2-channel, 79.19 exactly matches how Finance Minister Jun Azumi telling “thoroughly until I am satisfied”(=”Nattoku Iku Made Okonau”) is accepted as some kind of secret code as “Nattoku Iku” sounds similar with “Nana Ku I(chi) ku)”=79.19. Non-Japanese do not see why the strange line shows up (see comments here for example).
This is ridiculous. Should the minister have picked another phrase not to be misunderstood that he is signaling such a secret message to someone?
Akky Akimoto
Leader at Asiajin
@akky is one of the first pro-bloggers in Japan [J]. He also leads Asiajin, writes for The Japan Times, consults for some foreign companies interested in Japanese web market. (please inquire to akimoto on gmail.com).
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