Japan did not succeed in spending 62 billion US dollars to boost the yen, and the yen exchange rate dilemma is difficult to solve

The yen exchange rate dilemma is difficult to resolve, and the Bank of Japan is now in a dilemma. On Friday May 31, Japan's Ministry of Finance released data showing that in order to support Japan's continued weakness, the Japanese government carried out two significant monetary interventions between April 26 and May 29, investing a record 9.8 trillion yen (about 62 billion US dollars). Most of the capital was spent within four days starting April 29. However, the impact of this huge amount of money invested by Japan on the exchange rate was short-lived. At the end of April, the exchange rate of the US dollar against the yen rose from 160 to 151.85, but just a few days later, the exchange rate on Friday fell back to 1

wallstreetcn14:59 ET

Japan's Tokyo inflation rebounded in May, providing favorable prospects for interest rate hikes!

Consumer prices excluding fresh food in Tokyo rose 1.9% in May, according to data released by Japan's Ministry of Home Affairs on Friday. Tokyo's inflation data is usually a major indicator reflecting national trends. This indicates that the national inflation data released next month may experience a similar acceleration, causing the Bank of Japan to basically consider the possibility of interest rate hikes in the next few months.

FX678 FinanceMay 31 01:47 ET

Japan's Suzuki: Important for Currencies to Move in Stable Manner Reflecting Fundamentals

Japanese Finance Minister Shunichi Suzuki said on Friday that “it is important for currencies to move in a stable manner reflecting fundamentals.”

FXStreetMay 31 01:34 ET

Tokyo's Core Inflation Slows Slightly to 1.9% in May

Tokyo's core consumer price index, which excludes perishables, rose 1.9% year over year in May after a 1.6% increase in April, data from the Statistics of Japan on Friday showed.

MT NewswiresMay 30 21:37 ET

Japan's Jobless Rate Unchanged at 2.6% in April

Japan's unemployment rate on a seasonally adjusted basis held steady at 2.6% for three straight months in April, the Ministry of Internal Affairs & Communications reported Friday.

MT NewswiresMay 30 21:27 ET

Japan to Answer ¥9.4 Trillion Question on Currency Intervention

Investors will learn Friday if Japan intervened to prop up the yen during the last month, with the beleaguered currency vulnerable to a selloff if authorities were absent or had to spend much more than expected.

BNN BloombergMay 30 21:10 ET