Japan Sets Record With $96.4 Billion Intervention to Support Yen

Japan spent a record 96.4 billion dollars over the past month to support the yen, which had recently hit a 40-year low. Data from the Ministry of Finance shows that 15.4 trillion yen was deployed between July 30 and August 26, marking the largest monthly intervention on record. The operation, which received support from the United States, serves as a warning to speculators against betting against the currency. Finance Minister Satsuki Katayama (片山皋月) and U.S. Treasury Secretary Scott Bessent (贝森特) confirmed a coordinated intervention on July 31 and indicate