Japan intervened in forex market to stem weak yen
© Reuters. FILE PHOTO: Coins and banknotes of Japanese yen are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo
TOKYO (Reuters) – The Japanese government has intervened in the foreign exchange market to sell dollars for yen to stem the Japanese currency’s recent sharp falls, top currency diplomat Masato Kanda said on Thursday.
“We have taken decisive action (in the exchange market),” he told reporters, responding in the affirmative when asked if that meant intervention.
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