While stock prices in the US have fallen sharply, prices on the Tokyo Stock Exchange, Asia’s largest, fell at the opening on Monday. This is reported with reference to data from past auctions TASS.
In the half hour after the stock market opened, the main Nikkei index, which reflects fluctuations in the share prices of 225 leading Japanese companies, fell 5.65% to 33,882.33 points.
Before reportedJapanese authorities reportedly spent 5.5 trillion yen ($36.6 billion) on foreign exchange interventions to support the national currency between June 27 and July 29. The government spending in July was aimed at protecting the yen from speculators.
Bank of Japan, July 31 raised The discount rate is from 0-0.1% to 0.25%. This is the highest level since the end of 2008. It is the second time this year that the regulator has increased the rate.
Previously reportedJapan printed new money for the first time in 20 years.