May 31, 2024

Data from Japan’s Ministry of Finance on Friday confirmed the country’s first currency intervention since 2022, after the yen plunged to a 34-year-low in April.

The ministry on Friday stated Japan spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement.

This is the first time that the Japanese government has undertaken such a market measure since October 2022, according to ministry records.

Read more:

https://www.cnbc.com/2024/05/31/japan-confirms-first-currency-intervention-since-2022.html