Japan is stepping up efforts to slow the yen’s decline through a coordinated push involving the Bank of Japan, the Finance Ministry and support from the U.S., with policymakers adopting a more hawkish stance and intervening aggressively in currency markets. Authorities are estimated to have spent nearly 10 trillion yen on yen-buying interventions after concerns grew over inflation risks linked to the weak currency.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets