Japan spent $74 billion propping up the yen. Investors say the real battle is with the Fed
--------------------------------------------------------------------
Source: CNBC
Published: 2026-07-01 15:33 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, Economy & Finance, Trade & Sanctions, Business & Economy, Asia Pacific
--------------------------------------------------------------------
Snippet:
The yen's slide to a fresh four-decade low is underscoring a difficult reality for Japan: it can spend billions defending its currency, but it may not be the Bank of Japan that ultimately pulls it out of the rut.
--------------------------------------------------------------------