web analytics

Japan Intervenes in Currency Markets to Support Yen

TOKYO—Japan said Thursday it intervened in currency markets to sell dollars and buy yen, the first such intervention in 24 years, in a bid to stem the recent sharp fall of the currency.

The vice minister of finance, Masato Kanda, confirmed the intervention in brief comments to reporters. He said Tokyo took decisive measures to stem what it earlier described as an unwelcome fall in the yen.