Intervention Could Be Vital Tool for Japan to Stop Yen's Slide -- Market Talk
Dow Jones09:31
0131 GMT - The only viable tool left for Japan to curb inflationary pressure and yen weakness is direct currency intervention, says SMBC Nikko Securities strategist Makoto Noji. As Japan depends on imports for its energy needs, it faces a vicious cycle of rising crude oil prices and a weakening yen, Noji says. Fiscal spending to offset fuel costs also risks further yen depreciation, he adds. "While often dismissed as a mere stop-gap measure, intervention serves as a crucial strategic defense to buy time while global oil prices remain elevated," he says.(megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
March 18, 2026 21:31 ET (01:31 GMT)
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