MADRID, 20 Oct. (EUROPA PRESS) -

The exchange rate of the yen against the dollar fell to its lowest level in the last 32 years in the face of the prospect that the United States Federal Reserve (Fed) will continue to increase interest rates, which fuels speculation about the intervention of the Bank of Japan to contain the collapse of the Japanese currency.

This Thursday, the dollar was exchanged for 150.08 yen, the worst crossing of the Japanese currency since August 1990. So far this year, the price of the yen has sunk 30% against the dollar.

In a recent parliamentary appearance, the governor of the BoJ, Haruhiko Kuroda, acknowledged that the recent depreciation of the yen "is rapid and unilateral", which makes it difficult for companies to draw up business plans and increases uncertainty, "so it is negative for the economy and unfavourable", according to the Japanese agency Kyodo.

However, he defended the policy of quantitative and qualitative expansion implemented by the Japanese central bank, considering it appropriate to maintain monetary relaxation to support the economy and achieve the objective of price stability in a sustainable and stable manner.