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 America's Debt Crisis: The Hard Truths Politicians Won't Tell Voters READ MORE Gold Rush 2.0: Australian Miners Poised for M&A Spike Amid Soaring Prices READ MORE SEC Chair Gensler Advocates for Accelerated Settlement in Currency Markets READ MORE Gold Consolidates After Record High Amid Rate Cut Speculations READ MORE Jamie Dimon's Inflation Alarm: High Rates and Economic Challenges Ahead READ MORE Add a Comment Cancel replyYour email address will not be published.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