Japan's ¥9.8 Trillion Currency Intervention Defended by Finance Minister Japan’s Finance Minister Shunichi Suzuki confirmed the government’s currency intervention aimed at countering speculative FX moves, stating it had a certain effect. This intervention, costing ¥9.8 trillion ($62.7 billion), was the first official acknowledgment of the action. The yen strengthened after interventions between April 26 and May 29, suggesting effectiveness, though the exact timing remains undisclosed. Officials often stay silent post-intervention to maintain market uncertainty and prevent excessive currency movements. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Money vs. Currency: The Great Gold & Silver Rush READ MORE Charted: Workers Win As Wage Growth Outpaces Inflation READ MORE Central Banks Hedge Against the Dollar, Turning to Gold in a Strategic Shift READ MORE STAGFLATION & The Longest Yield Curve Inversion in History READ MORE Treasury Yields Decline Following Lower-Than-Anticipated Inflation Report READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment