Coverage dated September 21, 2022

Japan intervenes to prop up the yen for first time in 24 years

Headline from Local News 8

By Junko Ogura, Emi Jozuka and Kathleen Benoza Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for the first time in 24 years. The yen had earlier plunged to its lowest level since 1998 after the Federal Reserve hiked interest rates aggressively while …

Local News 8's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Reports & sources

8 articles, oldest first.

  1. Local News 8

    Japan intervenes to prop up the yen for first time in 24 years (opens Local News 8)

    Published

    Local News 8's feed description

    By Junko Ogura, Emi Jozuka and Kathleen Benoza Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for the first time in 24 years. The yen had earlier plunged to its lowest level since 1998 after the Federal Reserve hiked interest rates aggressively while …

  2. New York Times

    Japan Intervenes to Prop Up the Sliding Yen (opens New York Times)

    Published

    New York Times's feed description

    The currency’s decline to a point not seen in 24 years prompted the rare action as officials keep interest rates low.

  3. FOX Business

    Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates (opens FOX Business)

    Published

    FOX Business's feed description

    Japan intervened in the foreign exchange market to buy yen for the first time since 1998, to shore up the battered currency against the strong US Dollar.

  4. The Guardian

    Japan forced to prop up yen after bank keeps to negative interest rates (opens The Guardian)

    Published

    The Guardian's feed description

    Central banks are putting rates up as currencies slide against dollar but Japan and Turkey buck trend

  5. The Economist

    Japan’s government props up the yen for the first time since 1998 (opens The Economist)

    Published

    The Economist's feed description

    The intervention will not fix the currency’s underlying weaknesses

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Japan intervenes to prop up the yen for first time in 24 years | Since Then