ME News reports that on August 28 (UTC+8), Japan injected a record $96.4 billion into the foreign exchange market over the past month to support the yen, following its descent to a 40-year low. This underscores the Japanese authorities’ willingness to adopt increasingly forceful measures to stabilize the yen. Data released by Japan’s Ministry of Finance on Friday showed that between July 30 and August 26, the government spent a record 15.4 trillion yen in a single month to intervene in the forex market. This intervention was supported by the United States, further warning speculators against betting on a weaker yen. In early August, Japan’s Finance Minister Kako Kato and U.S. Treasury Secretary Bessent confirmed that coordinated intervention had taken place on July 31. Both officials stated they stand ready to re-enter the market without hesitation if necessary. The U.S. contribution was not included in Japan’s published figures but is expected to be smaller in scale—though its symbolic significance is greater. (Finanshijie) (Source: ODAILY)
Japan spends $96.4 billion to support the yen, setting a record for single-month intervention.
KuCoinFlashShare
Summary
Japan spent a record $96.4 billion in a single month to support the yen between July 30 and August 26, 2026, as the currency reached a 40-year low amid a shift toward risk-on assets. The government intervened with 15.4 trillion yen during this period, while CFT measures are also under review. Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Brent Feldman confirmed coordinated efforts on July 31, stating they are prepared to act again if necessary.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.