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Thursday, March 28, 2024

Japan’s foreign currency reserves hit 5-year low after record decline while massive yen intervention flops

Japan’s foreign currency reserves fell to a five-year low in September, which saw a massive government intervention to aid the rapidly declining yen. Reserves fell by a record $54 billion last month, bringing the total level down to $1.24 trillion, the lowest level since 2017. The decline was due to …

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