But he says it is far better for each country to do so in its own domestic money markets than by intervening in the currency markets.

但他表示，各国在国内货币市场这么做(而非通过干预汇市)要好得多。

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Japan has criticized South Korea for intervening in currency markets to restrain the pace of the won's appreciation.

日本已指责南韩控制韩元升值幅度，干扰货币市场。

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Countries such as Japan, Korea and Brazil are intervening unilaterally in currency markets.

日本、韩国和巴西等国正在外汇市场进行单边干预。

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"Japan can not appreciably revalue its currency, nor can other Asian governments revalue their currencies, until China stops intervening in currency markets, " Morici said.

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But central bankers cannot afford to be predictable when intervening in currency markets, for to do so is to offer speculators a one-way bet.

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The day started with the Bank of Japan announcing it was intervening the currency markets to stem yen appreciation, sending the U.S. dollar sharply higher against its Japanese counterpart.

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