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Japan’s Foreign Reserves Plunge Record $79.6 Billion After Yen Intervention
Japan’s official foreign exchange reserves fell by a record 6 percent in August, shedding approximately $79.6 billion following aggressive Bank of Japan intervention to stabilize the weakening yen. The unprecedented decline underscores the massive capital outflow triggered by Tokyo’s currency defense measures.
7 Sept, 04:32 — 7 Sept, 04:32
Coverage Timeline
First report: Reuters · 7 Sept, 00:28|Full coverage: 4 · 4h|Window: 4h
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