Home / Market Update / Global Stock Market / Japan’s forex intervention estimated at $25 billion – Reuters
Japan

Japan’s forex intervention estimated at $25 billion – Reuters

Citing calculations made by Tokyo money market brokerage firms, Reuters reported on Monday that Japan’s intervention in the foreign exchange market on September 22 is estimated to be around 3.6 trillion yen ($25 billion).

Japan’s Ministry of Finance is expected to unveil the amount spent during the intervention on Friday.

“The uncertainty over Japan’s economy is extremely high; we must keep the ultra-easy policy to support the economy,” Bank of Japan (BoJ) Governor Harihuko Kuroda said earlier in the day.

Check Also

France’s Political Turmoil Spooks Markets

France is facing heightened political and economic uncertainty as Prime Minister François Bayrou has announced …