Bank of Japan conducts “interest rate check” as yen weakens

Japan’s central bank reported Wednesday (Sept. 14) that it has taken a measure often seen as a starting point for currency intervention.

The yen has weakened from 115 per dollar in March to below 140 in recent weeks as the BoJ maintains its monetary easing policy despite sharp rate hikes by other central banks, including the Federal Reserve to fight inflation.

The dollar rose to 144.94 yen in early Tokyo trading after weaker-than-expected inflation data from the U.S.

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