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

Adel 26 September, 2022 3:55 pm Global Stock Market, Market Update

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.

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