Japan Intervenes to Weaken Yen, First Time Since 2004
By wchung | 22 Mar, 2026
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
- The Mensch Way for Don to Smooth Over His Iran Bad
- Elon Musk Offers to Pay TSA Salaries During Partial Shutdown
- Tencent Debuts ClawBot to Take on Agentic AI from Alibaba, Baidu
- China Pledges More Balanced Trade After Record $1.2 Trillion Surplus
- Airports Step up to Feed Unpaid TSA Workers
- Don Struggles for a Face-Saving Exit from a Self-Created Nightmare
- OpenAI to Double Workforce to 8,000 by End of 2026
- BTS Comeback Concert Shuts Down Central Seoul
- United Cuts 5% of Flights, Plans for $175 per Barrel Oil
- Jeanne Grey Was An Influencer Before They Existed