Business
Japan steps in to stabilize Yen amid market volatility
Japan’s government intervened in the foreign exchange market on July 11 and 12, spending a total of 5.53 trillion yen to halt the yen’s sharp depreciation against the U.S. dollar, which had hit a 38-year low. This marks the latest in a series of currency stabilization efforts by the Bank of Japan and the Finance Ministry to support the weakening yen.
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