Deutsche Bank has estimated interventions against yen in half-trillion dollars

The total volume of currency interventions in the market for restraint of a course of yen will make not less than 500 billion dollars. Such estimation of a distance in Deutsche Bank, informs Bloomberg. Thus, by estimations of analysts Deutsche Bank, currency interventions can increase a state debt of Japan approximately by ten percent of gross national product.
Now level of a state debt of Japan comes nearer to a mark in 200 percent of gross national product that is the maximum indicator among all countries. Because of high level of a state debt in the end of January agency Standard and Poor's for the first time since 2002 has lowered a long-term sovereign credit rating of Japan with "AA" to "Aa-".

On March, 18th the countries "Big seven" which except Japan, includes the USA, Canada, Great Britain, Germany, France and Italy, have decided to begin currency interventions for decrease in a course of yen. To such measure of country G7 have resorted for the first time for a decade. After that the yen course has started to fall and has receded from the historical maximum established on March, 17th when for 1 dollar gave 76,25 yens. Now the dollar bargains around 81 yens.


The Japanese yen exchange rate has started to rise after earthquake and tsunami which have occurred in Japan on March, 11th. To buy up yens there have begun the investors expecting that the Japanese companies will be перенаправлять means from the foreign actives on restoration of local economy. For maintenance of stability of the Japanese credit organizations the Bank of Japan from the beginning of week had to pour in in a financial system of the country of 34 trillion yens (more than 400 billion dollars).