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SMBC Nikko Securities: Japan's one-month absence from intervening in the forex market is a strategic choice.

2026-07-01 13:12:21

Golden Finance reported that on July 1, SMBC Nikko Securities economists stated that the Japanese Ministry of Finance's decision to refrain from buying yen in the market for a month was a strategic choice, not acquiescence to yen depreciation. Data shows that Japan had no foreign exchange intervention from May 28 to June 26.

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