A private-sector think tank says Japanese authorities may have conducted market interventions worth about 4 trillion yen, or about 25.5 billion dollars, between May 1 and 6.<\/p>\n
The company, The Totan Research, made the calculation based on data released by the Bank of Japan on Thursday.<\/p>\n
The BOJ report shows that the amount of funds expected to be transferred from its current account deposits to state coffers exceeds market forecasts by more than 4 trillion yen.<\/p>\n
The Japanese government and the central bank stepped in to the market on April 30, when the yen was changing hands in the 160 range against the dollar. The operation sent the Japanese currency sharply up to the 155 level at one point.<\/p>\n
The yen remained under selling pressure afterward, hovering around the 157 area. However, the currency rose steeply on May 1, 4 and 6, spurring market speculation that Japanese authorities may have intervened.<\/p>\n
The surges on May 4 and 6 happened in trading outside Japan because of an annual spring holiday in the country.<\/p>\n
Japan’s Vice Minister of Finance for International Affairs Mimura Atsushi shied away from clarifying whether authorities had intervened. He told reporters on Thursday that there was no particular need to make comments.<\/p>\n","protected":false},"excerpt":{"rendered":"A private-sector think tank says Japanese authorities may have conducted market interventions worth about 4 trillion yen, or…\n","protected":false},"author":2,"featured_media":18647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[72,259,217,215,8,262,214,216,173,261,265,266,267,264,258,263,268,260,257],"class_list":{"0":"post-18646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asia","9":"tag-biz","10":"tag-business","11":"tag-business-of-japan","12":"tag-japan","13":"tag-japan-broadcasting-corporation","14":"tag-japans-business","15":"tag-japanese-business","16":"tag-news","17":"tag-nhk","18":"tag-nhk-world","19":"tag-nhk-world-premium","20":"tag-nhk-world-tv","21":"tag-nhkworld","22":"tag-nuclear","23":"tag-public-broadcaster","24":"tag-radio-japan","25":"tag-tech","26":"tag-world"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/18646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=18646"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/18646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/18647"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=18646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=18646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=18646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}