Japan's Government Intervened to Prop Up the Yen
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Fiscal policy in Japan these days is like a giant game of tug-of-war.
On one side is a highly sensitive central bank, which insists on maintaining an ultra-loose fiscal policy that the rest of the world has all but abandoned in the fight against inflation. On the other side is the government of the day, which is struggling to preserve purchasing power as its currency sinks like an unlucky stone. On Thursday, the latter side won, and the government intervened to bolster the yen for the first time since 1998, after the currency fell to a 24-year low.
Source Fool.com
