According to a survey conducted towards margin traders in Japan, they believe that the Japanese government will intervene with the current value of the Japanese Yen, and make its value lower if it exceeds the 15 year record high against the U.S. dollar. A lot of people believe this can be the case because the Japanese government has done this before in 2004, to make export more affordable and not hurt the profits that it has been giving the economy of Japan.

The actual values show that 34.6 of those participating in the surveys said that the government will undergo operations involving yen-selling if the yen goes up to around 80 to 85 per dollar. Furthermore, 30.9 percent of the respondents said that the government will implement such operation for 75 to 80 per dollar, and another 7.1 percent for a value of 75 and above yen per dollar.

According to Takuya Kawabata, who is a researcher for the Gaitame.com Research in Tokyo, the survey results show that a common view is that the government will take action so that the domestic manufacturing center will not hollow out. On the contrary, around 27 percent of those surveyed stated that the Japanese government won’t be able to lower the value of the Yen even if it intervened.