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Japan on September 21 intervened in the foreign exchange market Tailgate season 2022 muncie in shirt, buying the yen for the first time since 1998, in an effort to "rescue" the domestic currency's dynamic exchange rate, which is falling steadily. This move comes after the Bank of Japan (BOJ) decided to keep interest rates unchanged instead of joining the "race" to raise interest rates to combat global inflation. Japanese Finance Minister Shunichi Suzuki declined to say how much authorities had spent buying the yen and whether other countries agreed with Tokyo's move. Tokyo's confirmation of the move to intervene in the foreign exchange market came just hours after the BOJ announced its decision to keep interest rates near zero to support the fragile recovery of the economy - a set A market that many analysts say is becoming increasingly unsustainable given the trend of rising interest rates globally.
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