Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected – Economics Bitcoin News

The Bank of Japan (BOJ) reportedly maintains an 'ultraloose monetary policy.' yendepreciation boj monetarypolicy

Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected

However, unlike other central banks that have followed in the footsteps of the U.S. Federal Reserve and raised interest rates, the Bank of Japan is said to have The report quotes the Japanese Finance Minister Shunichi Suzuki who suggests that “appropriate action” will be taken to stop the yen from slipping further.

However, in a new blog post, the International Monetary Fund suggested that a temporary foreign exchange intervention may be the most appropriate solution. As explained in the blog, such a foreign exchange intervention can “help prevent adverse financial amplification if a large depreciation increases financial stability risks, such as corporate defaults, due to mismatches.”

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