"The big seven" for the first time for a decade of the beginning of intervention in the market of currencies

Ministers of Finance and heads of Central Banks "Big seven" during telephone negotiations in the night from 17 for March, 18th have made the decision on the beginning of currency interventions in the market for restraint of a course of yen. On it informs Agence France Presse. The Globe and Mail adds that "the Big seven" didn't spend currency interventions of more decade.

Operation "Big seven" has already led to that the yen course in the world market has started to fall. If on March, 17th for one dollar gave 76,25 yens (this course became for yen a historical record), on March, 18th - already 81 yen.
Besides, the decision "Big seven" has affected the share market. Morning session in the Japanese market was closed by increase of index Nikkei for 2,72 percent.

The basic efforts of the monetary authorities will be directed on pair yen/dollar, however in Japan don't exclude that the European Central Bank the yen/euro can perform operations and on steam. In Japan interventions have begun in 9 mornings local time, in as much on the local markets there is an European Central Bank and Federal reserve service of the USA. Volumes of interventions aren't specified yet.
The yen began to rise in price promptly after earthquake in Japan, occurred on March, 11th. Investors believe that Japanese businessmen will take away money from the foreign actives and to direct them to the country for restoration of local economy. As a result demand for yens can sharply increase.
 Expensive yen can prevent to restore economy of Japan as she prevents to get to exporters additional profit. Because of it the Bank of Japan for current week already has thrown on the market of 34 trillion yens (more than 400 billion dollars).

"The big seven" besides Japan includes the USA, Canada, Great Britain, Germany, France and Italy.