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المشهد العربي
Tokyo liquidates foreign assets to back yen
Japanese Ministry of Finance estimates show that Tokyo plans to liquidate part of its foreign currency assets, especially U.S. Treasury bonds, during August to support the Japanese yen. Japan's foreign investments experienced a record decline of $87.8 billion by the end of August, marking the largest monthly drop in history, attributed to government intervention in currency markets amounting to $98.6 billion during the same period, aimed at protecting the yen from a sharp depreciation. Analysts assume that Tokyo may sell short-term debt instruments to avoid disturbances in long-term bond yields, given their ease of liquidation and quickness.
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