Tokyo spends US$19.6 billion on yen buying intervention


Japan’s finance ministry says it spent 2.8 trillion yen (US$19.6 billion with today’s exchange rate) on foreign exchange intervention operations in a month to Wednesday. – EPA pic, September 30, 2022.

JAPAN’S finance ministry said today it spent US$19.6 billion (RM91 billion) this month in an effort to stop the yen’s steady slide on the widening interest rate gaps between Japan and the United States.

In a brief announcement, the ministry said it spent 2.8 trillion yen (US$19.6 billion with today’s exchange rate) for foreign exchange intervention operations in a month to Wednesday.


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