Next Bank of Japan intervention might be to sell currency

Quick Summary:

If Japan’s government is thinking ahead, it may be planning to rein in its errant yen rather than propping it up.

The yen’s slide to near four-decade lows, which played no small part in the exit of another Japanese prime minister this week, drew months of government warnings and then eventually periodic bouts of yen-buying intervention by the Bank of Japan (BoJ).

Tokyo may be wary of raising interest rates again for fear of upending the stock market as occurred earlier this month.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: MIKE DOLAN

Category: EconomyBusiness

Markets: MalaysiaJapanMaliUkraine

Topics: YenVolatility JapanEconomy InterestRates CurrencyIntervention G7Economies Commentary YenStrength BoJPolicy /Business/Insight

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 00:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 993 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22108772

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 44 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions