EconomyJapan’s July 31 currency intervention may have totaled about ¥5.33 trillion
As the yen weakened sharply, Japan and the United States may have coordinated a yen-buying intervention for the first time in 28 years. Japan is believed to have injected roughly 5.33 trillion yen into the operation. Movements in the Bank of Japan’s current-account balances appear to point to an intervention of that scale.
Japan’s July 31 currency intervention may have totaled about ¥5.33 trillion
Economy