Japan Drops Record $96.5 Billion to Support Yen Amid Strong Dollar

Japan's government has spent a record amount to support its currency over the past month. According to ministry data, $96.5 billion was allocated to intervene in foreign exchange markets and stabilize the yen.

The intervention is aimed at countering the impact of the strong US dollar on Japan's economy, which has led to concerns about inflation and a slowdown in economic growth.

This massive injection of capital into the market is part of Japan's efforts to maintain a stable currency and mitigate the effects of external pressures on its economy.