Japan Spent $73 Billion Defending Yen in Massive Currency Intervention, Ministry Data Shows
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LN24 / 3 hours
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Japan spent an estimated 11.4 trillion yen ($73 billion) on currency market intervention over the past month in one of its largest efforts ever to support the struggling yen, according to official data released by the Ministry of Finance on Friday. The figures confirm the scale of Tokyo’s aggressive attempts to stabilize the Japanese currency […]