非冲销干预

外汇市场干预的中心问题，就是冲销干预和非冲销干预是否影响汇率以及如何影响汇率的问题。

The main problem of the intervention to foreign exchange market is whether charge against intervention and non-charge against intervention can affect exchange rate .

外汇市场干预包括冲销干预和非冲销干预，这两种干预方式的效力是不同的。

Intervention in the foreign exchange market , including haircut intervention and non-offset intervention , the effectiveness of the two modes of intervention is different .

日本为了让日元走软，投入240亿美元进行非冲销式干预。

Japan has spent $ 24bn on unsterilised intervention trying to weaken the yen .

由于我国的利率形成机制尚未市场化，加上对资本项目的严格管制，非冲销式干预难以发挥其应有的作用。

Because China 's interest rate is not determined by the market , in addition to the strictly controlled capital account , it is difficult for the non-sterilized intervention to play its role .