Japanese Yen Falls to Nearly 2-Year Low, Officials Hint at Intervention

Central News Agency (Tokyo, April 30, Comprehensive Foreign Report) - The Japanese yen has depreciated to its lowest level against the US dollar since mid-2024, and Japan's Finance Minister today strongly hinted that Tokyo authorities are close to taking market intervention action to support the yen's value. According to Agence France-Presse, the yen-dollar exchange rate has reached around 160 yen, approaching the level where Japanese authorities spent billions of dollars to support the yen in the summer of 2024. Affected by factors such as the Iran war, rising crude oil prices, and continuously widening interest rate differentials between the US and Japan, the yen has continued to weaken against the US dollar in recent months. Japanese Finance Minister Satsuki Katayama told the media, "We are finally approaching the time I previously mentioned to take 'decisive measures'." This statement immediately led to a slight rebound in the yen's exchange rate. Katayama also stated on April 28, "I have repeatedly mentioned that I will take bold action when necessary, and we are ready to respond 24 hours a day, anytime." According to Bloomberg News, next week coincides with Japan's "Golden Week" holiday, when market liquidity is lower, and historical experience shows that low liquidity is often the timing for authorities to intervene in the market. (Compiler: Liu Shu-chin) 1150430. Choose to stand with facts, every sponsorship you make is a force to protect press freedom. Download the Central News Agency "First-hand News" APP to get the latest news instantly. The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.