Japan Intervenes to Weaken Yen, First Time Since 2004
By wchung | 03 Apr, 2025
Japan’s finance minister has confirmed that Japan intervened in the currency market to weaken the yen, which had spiked to 15-year highs against the dollar, hurting Japanese exporters.
The dollar bounced up to 84.36 yen from a low of 82.87 yen earlier Wednesday.
It is the first time since March 2004 that Japan has intervened in the currency market.
A strong yen hurts Japan’s exporters by eroding their foreign income when repatriated to Japan.
TOKYO (AP)
Articles
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals