https://mainichi.jp/english/articles/20240531/p2g/00m/0bu/069000c
Japan spent 9.79 trillion yen ($62 billion) between April and May, a monthly record, to slow the yen's rapid fall against the U.S. dollar, government data showed Friday, confirming market views that Japanese authorities intervened in the currency market.
We'll see what next month's total is.
https://old.reddit.com/r/economy/comments/1d6wwuu/japan_spent_979_trillion_yen_62_billion_to_slow/
by Redd868
1 comment
They’ve been doing this for decades. Only thing new is that it’s not working as well as due to the Fed not lowering interest rates. We’ll have to bail out the world.