yen

Japan Spends Record Amount to Buy Yen in April and May

Japan's government spent a record amount to buy yen in April and May 2026, marking a strong effort to stem the domestic currency's decline. Data released on May 31 showed total interventions from April 26 to May 29 exceeded 9 trillion yen (approximately $60 billion), surpassing the previous record set in September 2022. The yen had fallen to 34-year lows against the U.S. dollar, prompting Tokyo to act amid concerns over higher import costs.