Hi Merlin, I don't know about this BoJ/MoF intervention. In the monthly statistics their hasn't been any intervention for over two years minimum (at least no active buying of euros or dollars). With the yen so cheap as it is (see chart), the new gvt are unlikely to ruffle international feathers by further cheapening the currency - the yen is already very cheap, and with the economy pulling out of the doldrums quite nicely, intervention at this stage prob can't be justified.
http://www.economist.com/images/20060930/CFN357.gif
Net net, I like the yen, and I think the report is generally pretty supportive but I'll never understand the yen as say the EUR, USD or GBP ... but judging by Fin Min's Omi's recent comments, he doesn't get it either !
"Always bet on black"