In the Tokyo foreign exchange market on the 22nd, the government and the Bank of Japan decided to intervene in the market by selling the dollar and buying the yen in order to stop the rapid depreciation of the yen as the yen depreciates to the upper 145 yen per dollar.
Finance Minister Kanda told reporters.
It will be the first time in about 11 years since November 2011 that the government and the Bank of Japan have intervened in the market.
It will also be the first time in about 24 years since June 1998, when the yen fell to the 140 yen level to the dollar, that the BOJ will intervene in the market by selling the dollar and buying the yen when the yen is depreciating.