TOKYO : Japan's government confirmed on Tuesday that it did not intervene in the currency market to prop up the yen in the past month, data from the Ministry of Finance showed.The monthly Ministry of Finance data showed no spending on intervention between Sept. 28 and Oct. 27.
FILE PHOTO: Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File PhotoTOKYO : Japan's government confirmed on Tuesday that it did not intervene in the currency market to prop up the yen in the past month, data from the Ministry of Finance showed.
The monthly Ministry of Finance data showed no spending on intervention between Sept. 28 and Oct. 27. Earlier this month, the Japanese currency had rebounded sharply by around 3 yen within minutes of softening beyond 150 to the dollar, a level seen by investors as a possible trigger for intervention. The yen's weakening had been a source of concern as it raises energy costs and other expenses for households struggling with stagnant wages.
We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BT Future of Finance Podcast: Fostering employee pride is the UOB WayAs the future of work evolves, what can organisations do to attract, retain and future proof their talent pipeline? Howie Lim gets insight from Dean Tong of UOB. Read more at straitstimes.com.
Read more »
Malaysia's communications ministry orders a 'kill switch' on concerts by foreign artistsThe order comes three months after UK band The 1975’s lead vocalist Matty Healy criticised Malaysia’s anti-LGBT laws and kissed a male bandmate onstage.
Read more »
Toyota September production jumps on stronger Japan outputTOKYO : Toyota Motor said on Monday that worldwide production rose 1.5 per cent in September from the same period a year earlier to 900,919 vehicles, boosted by stronger demand in Japan, the United States and in Europe.
Read more »
Support for Japan PM Kishida falls even after he orders tax cutHis unpopularity could prompt rival factions within his LDP to seek to replace him as leader. Read more at straitstimes.com.
Read more »
Japan printing giant Epson eyes growth in Middle East, Africa -CEOTOKYO : Printing giant Seiko Epson is betting on growth in the Middle East and Africa as demand ebbs in its home market of Japan and other developed nations, its chief executive said.
Read more »
Japan's Advantest lowers profit outlook as smartphone softness lingersTOKYO : Japanese chip testing equipment company Advantest Corp on Tuesday downgraded its full-year operating profit forecast by 24 per cent compared to July as recovery in the smartphone market takes longer than expected.
Read more »