---
title: "Japan's Currency Intervention Seen as Key to Curb Inflation and Yen Weakness"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279703803.md"
description: "Japan's reliance on energy imports has created a cycle of rising crude oil prices and yen depreciation. SMBC Nikko Securities strategist Makoto Noji emphasizes that direct currency intervention is Japan's only effective tool to combat inflation and yen weakness. Increased fiscal spending to mitigate fuel costs may exacerbate the yen's decline. While often seen as a temporary solution, such intervention is crucial for buying time during periods of high global oil prices."
datetime: "2026-03-19T01:48:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279703803.md)
  - [en](https://longbridge.com/en/news/279703803.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279703803.md)
---

# Japan's Currency Intervention Seen as Key to Curb Inflation and Yen Weakness

SMBC Nikko Securities strategist Makoto Noji has highlighted direct currency intervention as Japan's sole viable tool to address inflation pressures and yen depreciation. According to Jin10, Japan's reliance on imports for energy needs has led to a vicious cycle of rising crude oil prices and a weakening yen. Increased fiscal spending to offset fuel costs may further devalue the yen. Although intervention is often viewed as a temporary measure, it serves as a strategic defense to buy time amid high global oil prices.

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