Japan Spends Record $96.4 Billion to Support Yen Currency

Japan made history on August 28, 2026, by intervening in the foreign exchange market to support its yen currency. The unprecedented move saw a record $96.4 billion spent over just four weeks, from July 30 to August 26, with the Ministry of Finance revealing that 15.4 trillion yen was used.

The intervention, backed by the United States, aims to curb speculative attacks on the yen, which recently hit a 40-year low. This significant economic event highlights the government's commitment to stabilizing its currency amidst global economic pressures.