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Top related persons:
Dong Chen - 1 Dong - 1 Shunichi Suzuki - 1 Suzuki - 1 CNBC's Dan Murphy - 1
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Japan Asia Swiss London
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Currency Museum - 3 Bank of Japan's Institute for Monetary - 3 Economic Studies - 3 Japan's Ministry of Finance - 2 Bank of Japan - 2 U.S - 2 U.S . - 1 of Japan's - 1

Search resuls for: "Currency Museum"


3 mentions found


☆ Japan confirms $36.8 billion currency intervention as weak yen pushes BOJ to hike interest rates
  + stars: | 2024-07-31 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +1 min
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Japanese authorities spent 5.53 trillion yen ($36.8 billion) to shore up the yen in July, official data published Wednesday showed. The move was expected to mark the Bank of Japan's highest interest rates since 2008. It marks a stark contrast from the start of the month, when the Japanese currency fell to 161.96 per dollar for the first time since December 1986. The yen has been combating sustained pressure since the BOJ ended its monetary policy of negative interest rates in March.
Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S ., of Japan's
☆ Japanese yen weakens to fresh 38-year lows; top currency diplomat replaced
  + stars: | 2024-06-28 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
Sopa Images | Lightrocket | Getty ImagesThe Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark against the dollar for the first time since 1986 and reaching a high of 161.27, according to LSEG data. The yen has been steadily deprecating since the Bank of Japan ended its negative interest rate policy and scrapped its yield curve control policy in March. Following the move, the currency crossed the 150 mark against the dollar, reaching 160 in late April before the country's finance ministry intervened. Stock Chart Icon Stock chart iconJapan's finance ministry confirmed that it intervened between April 26 to May 29 to the tune of 9.7885 trillion yen ($62.25 billion). The benchmark U.S. federal funds rate stands at 5.25% to 5.5%, while the Bank of Japan's benchmark interest rate is at 0%-0.1%.
Persons: Dong Chen, Dong Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Bank of Japan, Japan Ministry of Finance, U.S, Bank Locations: Asia, Swiss, Japan
☆ Japan confirms first currency intervention since 2022 with $62 billion in spending
  + stars: | 2024-05-31 | by ( Ruxandra Iordache Sam Meredith | Ruxandra Iordache | Sam Meredith | ) www.cnbc.com   time to read: +2 min
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April. The ministry on Friday stated Japan spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. Japan last intervened to stabilize the currency in October 2022, when the yen fell to lows of around 152 per dollar. Authorities intervened three times that year to stabilize the currency, reportedly spending as much as a combined 9.2 trillion yen over the period.
Persons: Shunichi Suzuki, Suzuki, CNBC's Dan Murphy Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S, Bank of America Global Research, Bank of Japan, Japanese Finance, Authorities Locations: Japan, London
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