Japan spent record $73.6 billion on yen support interventions in past month
A bagel that needed a few more minutes. And maybe a fact-check.
Summary
Japan's Finance Ministry reported a record ¥11.73 trillion ($73.6 billion) intervention in the foreign exchange market over the past month (April 28 to Wednesday) to support the yen, which has experienced several sharp spikes during this period.
Key quotes
· 2 pulledJapan used record $73.6 billion to support yen over past month
Finance Ministry data for the month from April 28 to Wednesday showed a total intervention of ¥11.73 trillion ($73.6 billion) over a period marked by several spikes in the yen.
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