Japan"s government announced that it may intervene in the foreign exchange market if the Japanese Yen approaches a ratio of 160 to the US Dollar. Currently, the Yen has depreciated from 145 to 157 over the past two months.
This decline coincides with the announcement of a stimulus package exceeding $110 billion aimed at addressing economic challenges. The Yen is now approximately 2% away from the threshold that could prompt government action.
For further context, Japan recently approved a ¥21.3 trillion stimulus package to combat economic downturns, as previously reported. This economic measure is part of the government"s strategy to stabilize the currency and support the economy.
