Tokyo, Aug 28, 2026 (AFP) - Japan spent record $96 bn in yen interventions: ministry

NAMPA / AFP

2026-08-28

Japan spent 15.4 trillion yen ($96 billion) to boost the yen between late July and late August, the finance ministry said Friday, the largest monthly intervention on record. The Bank of Japan intervenes in the market under the instruction of the ministry to ease economic damage from sharp fluctuations in exchange rates. The yen has been weakening because of the gap between Japanese and US interest rates, high oil prices and concerns about Prime M......

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