Economy
Japan Spends Approximately ¥4 Trillion on Suspected Yen Intervention in May
Japan is estimated to have spent approximately ¥4 trillion ($25.6 billion) in May to support the yen via a suspected foreign-exchange intervention, its second such operation in two months. Market analysts based the estimate on BOJ account data, as authorities typically refrain from immediate confirmation. The action aims to counter the yen's sustained depreciation against the dollar.