Tag: Japan Central bank

Japan central bank conducts ‘rate check’ as yen sinks: reports

TOKYO, Japan (AFP) – Japan’s central bank on Wednesday conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar. The financial daily Nikkei and other local media said the Bank of Japan (BoJ) carried out a “rate check”. A Bank spokesman contacted by AFP declined to comment. A rate check involves asking market participants about their foreign exchange trading, said Toshikazu […]