Reuters reveals BOJ is nowhere near shifting monetary policy to support yen

Reuters revealed that the yen may be near 24-year lows, but Japan’s central bank is not even close to trying to support it with higher interest rates. The government — especially the Ministry of Finance — has repeatedly and strongly expressed dissatisfaction with this year’s falls in the yen, which on Sept. 7 dropped as far as 144.990 per dollar, down 30% since the end of 2021.