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Japan spent $62 billion supporting yen in April-May: govt

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Japan spent $62 billion supporting yen in April-May: govt

Japan said Friday that it spent about 62 billion dollars to bolster the yen over the past five weeks, when it intervened in forex markets for the first time since 2022 after the currency hit a 34-year low. Finance ministry data showed that forex intervention operations totaled 9.79 trillion yen ($62 billion) between April 26 […]

The post Japan spent $62 billion supporting yen in April-May: govt appeared first on Insider Paper.

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