Japan signaled to intervene in the yen again to support the economy

Japan's Prime Minister said Ministry of Finance "Ready to take necessary actions" to maintain the stability of the country's economy. After buying the yen for the first time in 24 years


Foreign news agencies reported from Tokyo. Japan's Prime Minister Fumio Kishida said on Sept. 23 the stability of the yen, sayingสล็อตออนไลน์the government "continues to keep a high level of vigilance" and is ready to "take further action to support the currency". “If necessary” times

Japan's Ministry of Finance intervened in the currency market for the first time since 1998, buying the yen to stabilize. After the Bank of Japan (BOJ) kept its policy interest rate ultra-low at -0.1%, the yen weakened to a record low in 24 years after the Federal Reserve raised its short-term policy rate. Another 0.75% to 3.00-3.25%

However, the well-informed commented in the same way. that the decision to intervene in the Japanese government's yen this time It may help solve the problem only in the short term. Or is it just a delay in time? As long as the Fed continues to raise interest rates to fight the inflation crisis in the country. This will continue to strengthen the US dollar.