On the 22nd, the government and the Bank of Japan decided to intervene in the market by selling the dollar and buying the yen for the first time in 24 years. became.
As the yen was depreciating rapidly in the foreign exchange market, the government and the Bank of Japan decided to intervene in the market on the evening of the 22nd to sell the dollar and buy the yen in order to put a brake on the yen's depreciation.
Regarding this intervention, the US Treasury Department revealed to NHK on the 22nd that it was not involved in this intervention.
After that, he suggested that the market intervention was virtually accepted after consulting with the Japanese side, saying, "I understand that the purpose is to suppress fluctuations in the yen exchange rate, which has been rising recently."
The European Central Bank also explained that it did not participate in the market interventions conducted by the government and the Bank of Japan.
Both the European and American monetary authorities denied any coordinated intervention, and it became clear that Japan had intervened alone.
Japan's Ministry of Finance is prepared to intervene further if the foreign exchange market fluctuates significantly in the future.
However, the US Fed = Federal Reserve Board is poised to continue to raise interest rates significantly over the next year in order to suppress record inflation.
On the other hand, the Bank of Japan plans to maintain its large-scale monetary easing measures, and the view that the interest rate differential between Japan and the United States will continue to widen will put downward pressure on the yen.
It is unclear how long the effects of market intervention by the government and the Bank of Japan will last.