Japan's currency interventions: 3 things to know

Tokyo believed to have acted alone in recent moves to stabilize weakening yen

The consensus needed for a coordinated foreign-exchange intervention appears harder to come by now than during past periods of dollar strength.

TOMOHIRO EBUCHI, Nikkei staff writer

October 23, 2022 17:55 JST

Updated on October 25, 2022 00:23 JST

TOKYO -- Japan has intervened at least twice in two months in the currency market to try to halt a sell-off in the yen, taking one of the most dramatic global actions yet this year against a strong dollar.

With bursts of monetary firepower meant to jolt exchange rates, such measures can hit without warning. Rumors of a possible intervention keep investors on their toes.