Explainer-what would Japanese intervention to boost a weak yen look like?
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Japan has intervened to support the yen against the U.S. dollar amid rising oil prices linked to the Iran war. The country is considering entering oil futures markets to alleviate currency pressure. The yen has been weakened by the Bank of Japan's slow policy changes and Prime Minister Takaichi's fiscal agenda. Japan last intervened in July 2024, and officials are prepared for further action if necessary. The intervention process involves the Ministry of Finance issuing short-term bills and using foreign reserves to stabilize the yen, with support from G7 partners being crucial.
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