Japan Used Record $73.6 Billion to Support Yen over Past Month

Japan spends record ¥11.73 tril in April-May to stem yen's slide

Japan intervened in the currency market by spending a record 11.73 trillion yen ($74 billion) over the past month, the Finance Ministry said Friday, providing the first official…

Japan used record $73.6 billion to support yen over past month

Finance Ministry data for the month from April 28 to Wednesday showed a total intervention of ¥11.73 trillion ($73.6 billion) over a period marked by several spikes in the yen.

Japan spent 11.7 tril. yen on recent market intervention, largest since 1991

It has come to light that the Japanese government and the Bank of Japan spent 11.7349 trillion yen, or around 73.6 billion dollars, intervening in the currency market over the past month. This was the largest amount spent in a single month since 1991 to halt the Japanese currency's decline.

BREAKING NEWS: Japan confirms 11.73 tril. yen spent on forex intervention in April-May

BREAKING NEWS: Japan confirms 11.73 tril. yen spent on forex intervention in April-May Read full story here