Japan's Yen Falls To 34-Year Low.

Japan's yen has fallen to a 34-year low against the U.S. dollar, sparking calls for the Japanese government to intervene in the currency market. The yen was last trading at 151.22 against the American dollar after paring some losses, its lowest level in more than three decades. The ailing currency has reignited calls from economists and investors for Japanese government officials to intervene and prop-up the yen. Following a meeting of the Bank of Japan, the government issued a statement saying that the yen's decline is being watched "closely and urgently." The Bank of Japan has said that it is prepared to respond with monetary policy measures should the yen's decline worsen.

March 27, 2024
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