URGENT: Japan conducts yen-buying intervention for 1st time since 1998

Politics Economy

Japan on Thursday stepped into the currency market amid the yen's abrupt fall, a senior Finance Ministry official said, in its first such intervention since 1998. The yen-buying, dollar-selling operation was conducted after Japanese authorities said all options were on the table in their response to the yen's rapid depreciation to levels unseen over the past 24 years.

Kyodo News

Kyodo News