Japanese media claim that Japan's intervention rate scale may reach 3 trillion yen, innovation high

According to a report by Kyodo News Agency on September 26, the Japanese government's intervention scale in the foreign exchange market may reach 3 trillion yen (about 147.8 billion yuan) on the 22nd, a record high.

The above numbers are based on the data of related market institutions. It is reported that the Ministry of Finance of Japan will be announced on the 30th.

In addition, according to the data estimated by the People's Think Tank East Investigation Company based on the data released by the Bank of Japan on the 26th, the Ministry of Finance ’s intervention in the foreign exchange market and selling the US dollar in the foreign exchange market was about 3.6 trillion yen (about 177.3 billion yuan) Essence

At the press conference held at Osaka City on the 26th, the Governor of the Bank of Japan said at a press conference in Osaka City that the foreign exchange intervention was launched by the Ministry of Finance. Essence

After the Japanese Ministry of Finance made a stable exchange rate on the 22nd, the yen exchange rate once increased sharply, but returned to a downward trend in the context of Japan and the United States.

Japan's Financial Minister Suzuki Suzuki said on the 26th that the Japanese government has "seriously concerned" the rapid decline in the yen exchange rate and will take further action when necessary.

When Japanese Prime Minister Kishida Wenxiong visited the New York Stock Exchange on the 22nd, the Japanese government would strictly monitor market fluctuations with a "high degree of vigilance". Once the yen appeared "excessive flow" due to speculation, the government will intervene again when necessary. Essence

The Federal Reserve Commission decided to continue to aggressive interest rate hikes on the 21st to promote the US dollar to other currency exchange rates to continue to rise. The Japanese dollar was approaching the 146 to 1 mark on the 22nd of the US dollar exchange rate on the 22nd, hitting a new low in 24 years, prompting the Japanese Ministry of Finance to intervene in the foreign exchange market. This is the first time that the Japanese government has intervened in the foreign exchange market since 1998. The yen has depreciated about 25%of the US dollar this year.

(Source: Xinhua News Agency client)

【Edit: Fu Sakura】

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