Japan’s finance ministry and Bank of Japan have a history of intervening in foreign exchange markets to influence the value of the yen. Recently, the yen jumped suddenly against the dollar after what market sources said was official yen buying in New York hours, coordinated with intervention by South Korea.
Timeline of Interventions
Here is a timeline of moves in foreign exchange markets by Japan’s finance ministry and Bank of Japan:
- July 2026: The yen jumped more than 3% to as strong as 157.8 to the dollar on July 30.
- April-May 2026: The yen jumped as much as 3% to 155.5 yen against the dollar on April 30.
- July 11-12, 2024: Japanese authorities spent 5.53 trillion yen ($36.8 billion) intervening in the foreign exchange market.
- June 26, 2024: Top currency diplomat Masato Kanda said Japanese authorities were seriously concerned and on high alert about the yen’s rapid decline.
These interventions are part of Japan’s efforts to manage the value of the yen and maintain economic stability.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
