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Japan Details ¥15.4 trillion in Yen-Buying Intervention for Third Quarter

The three operations took place July 30, July 31 and Aug. 3, with Japan selling U.S. dollars and buying yen each time.

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Japan's Ministry of Finance stands in Tokyo's Kasumigaseki district beneath an overcast afternoon sky. / EconoTimes.ai
Japan's Ministry of Finance stands in Tokyo's Kasumigaseki district beneath an overcast afternoon sky. / EconoTimes.ai

Japan’s Ministry of Finance said three yen-buying operations totaled ¥15.4 trillion from July through September, releasing a day-by-day account that disclosed the July 31 amount not included in an earlier statement.

Japan sold U.S. dollars and bought yen on each date. The operations totaled ¥7,975.6 billion on July 30, ¥5,552.3 billion on July 31 and ¥1,871.4 billion on Aug. 3, for a quarter total of ¥15,399.3 billion.

The ministry had said the July 31 purchase was coordinated with the U.S. Treasury. Finance Minister Satsuki Katayama said on Aug. 3 that Japan would not rule out further joint intervention. The ministry’s earlier account of the coordinated purchase did not disclose its amount.

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