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MNI BRIEF: Japan Bought Record High JPY5.6 Trln Yen On Oct 21

(MNI) Tokyo

The Japanese government bought JPY5.62 trillion of yen on October 21, 2022, marking a record high intervention since data was first collected in April 1991, data released by the Ministry of Finance on Tuesday showed.

The data also showed the scale of yen buying intervention on October 24 was JPY729.6 billion.

The government and the Bank of Japan on September 22, 2022, conducted the yen-buying intervention to curb a weaker yen for the first time in 24 years. The scale of yen buying intervention in September and October totaled JPY9.19 trillion.

MNI Tokyo Bureau | +81 90-2175-0040 |
MNI Tokyo Bureau | +81 90-2175-0040 |

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