Business
UNDERREPORTED
Japan's finance ministry spends record 6.28 trillion yen on yen support in one day
The Finance Ministry disclosed that it bought yen and sold dollars worth 6.28 trillion yen on April 30, a single-day record aimed at halting the currency’s decline.
Why it matters
Massive currency intervention signals serious pressure on the yen and can affect global markets and Japanese trade.
In this story
yendollarforeign-exchange interventionrecord spendingcurrency stabilizationJapanFinance Ministry