Tumbling yen pressures Bank of Japan to act

By Agence France-Presse

Apr 27, 2024 12:15 am

TOKYO: The Bank of Japan (BoJ) was widely expected to keep its ultra-low interest rates unchanged on Friday, but analysts say the tumbling yen is putting pressure on officials to act.

With the currency at three-decade lows against the dollar, speculation has grown that authorities could intervene in foreign exchange (forex) markets to provide support for the first time since 2022.

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