Aoi Hanazawa

Apr 11, 2024 | asia.nikkei.com | Ryo Saeki |Aoi Hanazawa

TOKYO -- The lack of intervention in Japan's currency market after the yen weakened beyond 152 to the dollar for the first time since 1990 has traders wondering when the government will step in and assessing the seriousness of Tokyo's jawboning. The yen barely budged Thursday after Masato Kanda, Japan's top currency diplomat, called the decline "rapid" and said Tokyo would "respond appropriately to excessive moves, without ruling out any options."