Japan conducts yen buying intervention for first time in 24 years

Tokyo, Sept. 22 (Jiji Press)–Japan intervened in the foreign exchange market to halt the yen’s fall against the dollar, Masato Kanda, Japan’s vice finance minister for international affairs, revealed Thursday.

“We have just taken decisive action,” Kanda told reporters.

This is the first time in 24 years that the Japanese government and the Bank of Japan have engaged in a yen-buying intervention.

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