Category: Bank of Japan
Japan’s foreign reserves fall again as Tokyo carries on dumping dollars and buying the yen
Japan has been buying up yen and promoting dollars in a bid to assist its struggling forex. Zhang Peng/LightRocket by way of Getty Images Japan’s foreign forex holdings fell for a 3rd straight month in October, official knowledge present. Tokyo is battling to prop up the yen, which has tumbled 27% in opposition to the greenback in 2022. Japan has been offloading its dollars and…
The Japanese yen is struggling at 3-decade lows while the country’s finance minister says its mix of currency intervention and...
Newsbreak 7 months ago in Around The World, Bank of Japan, Bond Yields, Currencies, Dollar, Federal Reserve, Interest Rates, Markets, MI Exclusive, Yen 0 A money changer counts Japanese Yen notes in Singapore. THERESA BARRACLOUGH/AFP via Getty Images Defending the yen through intervention while the BoJ maintains loose monetary policy is “not contradictory,” Japan’s finance minister said. Japan likely spent a record 5.5 trillion yen in its latest market intervention. The yen recently hit a fresh 32-year low against the US dollar. Japan’s finance ministry has been defending the…