Yet Japan's real mistake was not that it allowed the yen to rise, but that it had previously resisted an appreciation for too long, so that when it did happen the yen soared.

然而，日本真正的错误不在于允许日元升值，而在于先去太长一段时间拒绝升值，因此当这发生时，日元的升值过于剧烈。

youdao

The dollar rose more than 3 percent against the yen, but analysts said it was uncertain the intervention would depress the currency for long.

美元兑日元上涨超过3%，但是分析师认为此次干预是否能长期打压汇市还不确定。

youdao

Furthermore, goes the argument, as long as interest rates stay low, so will the yen.

此外，一些争论指出，只要利率保持低位，日元就会一直廉价下去。

youdao

In fact, yen-selling has only recently begun to accelerate as global investors finally respond to the nearly catastrophic economic conditions in the Japanese economy and start to modestly hedge their long yen exposures.

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Unless an investor has a business reason such as hedging to be long yen, they will probably be reluctant to push the Japanese currency higher over fear that the BoJ will step in again.

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The government has long since promised YEN 30 trillion for this, but details of how it plans to spend the money are still sketchy.

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