Bank of Japan currency intervention

Japan Wields the Intervention Tool but Doubles Down on Continuing Ultra-Loose Domestic Monetary Policy

September 22, 2022

After numerous rhetorical complaints by officials about the weakness of the yen, Japanese officials sold foreign currency directly in the market to support their currency, which yanked the currency from an overnight low of 145.9 per dollar to as high as 140.35. This was only the third intervention episode in the past three decades. The […] More