Japan finance minister offers no clues on intervention as yen weakens

Japanese Finance Minister Shunichi Suzuki suggests that currencies should be determined by the market, with no indication of intervening to support the weakening yen, despite concerns over rising import costs.

reuters.com

Relevant topic timeline:

8/22/2023

Ex-BOJ official predicts no yen intervention until breach of 150 threshold

Japan will only intervene in the currency market if the yen drops below 150 to the dollar and becomes a major political issue for Prime Minister Fumio Kishida, according to a former central bank official involved in Japan's past market interventions.

8/29/2023

Yen's buying power sinks to 53-year low after decades of stagnation

The yen's weakness against major currencies is driving up import costs in Japan, leading to higher prices for necessities like energy and food.

9/5/2023

Bank of Israel says currency intervention will only be necessary 'if we see market failures'

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