Japan’s July yen intervention set a daily record
Economy · First reported 9 Nov, 00:45 · Updated 00:46
Japan’s Ministry of Finance reported that authorities spent 7.98 trillion yen ($50.36 billion) buying yen on July 30, the largest single-day intervention in its records dating to 1991. The Nikkei Asia headline frames the data as highlighting the difficulty of reversing the yen’s weakness.
- Japan’s largest reported operation was 7.98 trillion yen on July 30, surpassing the prior daily record of 6.28 trillion yen on April 30.
- The reports connect the intervention data with the challenge of reversing the yen’s decline. [2c51abec-6b02-4d02-9029ef7bf904]
Summary written by Lux AI from 2 articles
Key facts
- Largest daily intervention
- 7.98 trillion yen ($50.36 billion) on July 30.
- Previous daily record
- 6.28 trillion yen on April 30.
- Total intervention
- 15.4 trillion yen from July 30 through August 26.
- Intervention dates
- July 30, July 31, and August 3.
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- Corporation 67% (2)
- Government 33% (1)
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