The government and the Bank of Japan intervened in the foreign exchange market without warning, temporarily pushing back the yen's downward momentum. Experts widely believe that eliminating the structural weakness of the yen remains difficult.
The government and the Bank of Japan reportedly intervened in the foreign exchange market without warning. The intervention took place on the night of 30 July, and the yen's level against the dollar is said to have moved sharply during a brief period of trading.
In the market after the intervention, there were periods when the yen's decline was contained, while the structural weakness of the yen is viewed as difficult to eliminate over the longer term. Some observers are waiting for further reports on developments ahead.