2022: Japan's yen falls to 1990 low, triggering intervention and Finance Minister warning.

Japan's yen has fallen to its lowest level since 1990, reaching a point that triggered intervention by Japanese authorities in 2022. This has led Finance Minister Shunichi Suzuki to warn that Japan will take "decisive steps" against excessive currency moves. The yen has slumped more than 7% this year, driven by the significant difference in U.S. and Japanese bond yields.