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Japanese monetary authorities mull intervention options after yen drops to 34-year low | South China Morning Post

Story summary

Japan's three main monetary authorities held an emergency meeting on March 27, 2024, to discuss market intervention options after the yen fell to a 34-year low against the US dollar. The drop was the yen's lowest since the middle of 1990, when Japan's asset bubble burst followed by decades of economic stagnation.

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