Japan Unleashes Record $96 Billion Intervention to Save Yen from Free Fall

Japan has taken unprecedented measures to support its currency, with the country's authorities spending a record $96.4 billion over the past month to prop up the yen.

The intervention comes after the yen plummeted to a four-decade low, prompting concerns about the potential impact on Japan's economy and financial markets.

According to reports, the Bank of Japan has been actively buying up yen in an effort to stabilize its value, with the authorities willing to deploy increasingly aggressive tactics to put a floor under the currency.