Japan spent ¥2.84 trillion in September intervention to prop up yen

Summary by Ground News

Japan spent a likely record daily amount to prop up the yen last week. The Finance Ministry disclosed Friday that it spent $19.7 billion to slow the yen's slide. It was its first intervention to support the currency since 1998. Private analysts had estimated the intervention at up to $3.6 trillion.

2 months ago·Japan

News Articles

More Filters

All

Left

Center

Right

IBTimes

Japan Spent Record Of Nearly $20.0 Billion On Intervention To Support The Yen

Japan spent up a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, Ministry of Finance data showed on Friday, draining nearly 15% of funds it has readily available for intervention.

2 months ago·United States

Read Full Article

The Japan Times

Japan spent ¥2.84 trillion in September intervention to prop up yen

Despite an initial gain of more than 3.5% in the yen against the dollar, the surprise move hasn’t reversed the currency’s weakening trend.

2 months ago·Japan

Read Full Article

Japan Today

Japan's forex intervention hits record ¥2.84 tril to stem yen fall

Japan's currency intervention last week cost 2.84 trillion yen, the largest-ever amount spent to stem the yen's sharp slide against the U.S. dollar, Finance Ministry data showed Friday. The yen-buying, dollar-selling operation, Japan's first since 1998, was carried out on Sept. 22, shortly after the Japanese currency plunged past the…

2 months ago·Sakado, Japan

Read Full Article

Kyodo News+

Japan's forex intervention hits record 2.84 tril. yen to stem yen fall

Japan's currency intervention last week cost 2.84 trillion yen ($19 billion), the largest-ever amount spent to stem the yen's sharp slide against the U.S. dollar, Finance Ministry data shows.

2 months ago·Japan

Read Full Article

Mainichi Shimbun

Japan spent record $19 billion in intervention to stop yen plunge - The Mainichi

TOKYO (Kyodo) -- Japan's currency intervention last week cost 2.84 trillion yen ($19 billion), the largest-ever amount spent to stem the yen's sharp s

2 months ago·Chiyoda, Japan

Read Full Article