Tokyo, July 31 (Jiji Press)–The Japanese government and the Bank of Japan carried out a yen-buying, dollar-selling market intervention for the first time in about three months on Thursday night, during New York trading hours, informed sources said Friday. Japanese authorities likely conducted a surprise intervention as Finance Minister Satsuki Katayama did not issue a prior warning, as she did ahead of the previous intervention on April 30. In New York on Thursday, the dollar briefly plunged by about 5 yen to slip below 158 yen, hitting its lowest level since mid-May. When asked by reporters in Tokyo on Friday morning, Katayama declined to comment on whether Japanese authorities had intervened to prop up the yen. END [Copyright The Jiji Press, Ltd.]
Japan Conducts Forex Intervention: Sources
Related Posts
Searches Continue in Kumamoto after 72-Hour Window Ends
Kumamoto, July 31 (Jiji Press)–Searches for those still missing after Tuesday’s major earthquake in Kumamoto Prefecture, southwestern Japan, continued in extreme heat Friday even after the 72-hour window crucial for survival closed. The death toll from the quake, which recorded a seismic
Japan Launches National Intelligence Bureau
Tokyo, July 31 (Jiji Press)–Japan on Friday launched its National Intelligence Bureau, to spearhead the government’s intelligence activities. Successor to the Cabinet Secretariat’s Cabinet Intelligence and Research Office, the bureau began operations with about 730 personnel. The government will formulate a document
