Sep 22, 2022CORE
Japan Intervenes to Support Yen for First Time Since 1998
Japan sold dollars and bought yen in the foreign exchange market to counter the currency's sharp decline. It was Japan's first yen-buying intervention since 1998.
Sources
- Japan intervenes to stop yen slide, after BOJ holds rates super lowReutersENNews article
Included in this issue
OngoingEconomy · 2022
Japanese Yen Weakness and Monetary Policy Normalization
Tracks Japan's response to persistent yen weakness from its first yen-buying intervention in 24 years in 2022 through the Bank of Japan's exit from negative rates, successive rate hikes, large-scale interventions in 2024 and 2026, and the 2026 joint U.S.-Japan intervention and prospect of further tightening.
13 records17 sources
View full timeline