Tokyo, June 5 (Jiji Press)–Japan’s foreign exchange reserves fell in May at their fastest pace on record dating back to April 2000 after authorities intervened to support the yen against the dollar, the Finance Ministry said Friday. The reserves stood at 1,305,874 million dollars at the end of May, down 77,107 million dollars, or 5.58 pct, from a month before. Japanese authorities spent 11,734.9 billion yen to prop up the Japanese currency between April 28 and May 27, according to ministry data. Authorities are believed to have intervened multiple times. END [Copyright The Jiji Press, Ltd.]
Japan’s Forex Reserves Drop at Fastest Pace in May
Related Posts
Japan Electronics Retailers Yamada, Edion Announce Integration
Tokyo, June 5 (Jiji Press)–Japanese home electronics retailers Yamada Holdings Co. and Edion Corp. said Friday that they have reached a basic agreement to integrate their operations with combined annual sales of 2.5 trillion yen. They plan to establish a holding company
Japan’s Forex Reserves Drop at Fastest Pace in May
Tokyo, June 5 (Jiji Press)–Japan’s foreign exchange reserves fell in May at their fastest pace on record dating back to April 2000 after authorities intervened to support the yen against the dollar, the Finance Ministry said Friday. The reserves stood at 1,305,874
