Without the (stimulus package) this would not have happened. They front-loaded everything into the first half and the money is running out. It is too early to say whether the economy is back on track,...

The private sector revival is not as strong as the government would like it to be.

If there is an accelerated depreciation to 105 yen, they will intervene without a doubt.

A lot of traders are aware that there will be a big intervention if the yen breaks through (below) 118. Right now the [Bank of Japan] scare is working.