Japan Intervenes First Time Since ’04 to Rein in Yen

Japan Intervenes First Time Since ’04 to Rein in Yen

Tomohiro Ohsumi/Bloomberg

Finance Minister Yoshihiko Noda, center, confirmed the intervention, speaking to reporters today in Tokyo. Noda said that Japan had contacted other nations about the step, without specifically saying that today’s measure was taken unilaterally.