Japan Spends Record ¥15.3 Trillion in July-Aug. Forex Interventions
TOKYO (Jiji Press) — Japanese authorities spent ¥15.39 trillion in foreign exchange market interventions from July 30 to Wednesday, the Finance Ministry said Friday.
Japanese authorities spent a record ¥15.39 trillion on foreign exchange market interventions from July 30 to August 3, 2024, according to the Finance Ministry. The interventions aimed to curb the historic weakening of the yen, marking the largest monthly amount spent on such actions and the first series of yen-buying, dollar-selling interventions in about three months.
The cumulative amount of foreign exchange intervention operations this year has surpassed ¥27 trillion, surpassing the previous annual record of about ¥15 trillion set in 2024.
Brief written by urgent.news from The Japan News by The Yomiuri Shimbun's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- Japan spends record ¥15.39 trillion in July-August forex interventions japantimes.co.jp
- Japan spent record USD96bn in yen interventions brecorder.com
