Japan’s new round of foreign exchange rescue operations may have cost 87 billion US dollars.
1 hours ago
US authorities recently stated that to support the yen’s exchange rate, the Bank of Japan (BOJ) likely deployed around $87 billion (equivalent to 11 trillion yen) in its latest round of foreign exchange intervention. According to calculations based on the BOJ’s latest money market data, the central bank likely used $53 billion on July 30 and $34 billion on July 31 for the intervention, totaling $87 billion (11 trillion yen) to buy yen and prop up its exchange rate. (CCTV)
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