21 Bank of Japan. The website for Japan’s central bank, the Bank of Japan, provides information about its mission and its policy actions. Its address is http://www.boj.or.jp/en/index.htm.

a Use this website to summarize the mission of the Bank of Japan. How does this mission relate to intervening in the foreign exchange market?
b Review the minutes of recent meetings by Bank of Japan officials. Summarize at least one recent meeting that was associated with possible or actual intervention to affect the yen’s value.
c Why might the foreign exchange intervention strategies of the Bank of Japan be relevant to the European governments and to European-based MNCs?