Japan's Finance Ministry spent a record ¥11.73 trillion intervening in foreign exchange markets to support the yen during the month ending May 27.
The intervention covered the period from April 28 to May 27. Data released on May 30 showed the total outlay reached $73.6 billion. This marked the largest monthly amount spent to prop up the currency amid repeated spikes in the yen's value.
The Finance Ministry confirmed the figures in its latest report. The spending occurred as the yen experienced notable volatility. Officials tracked several sharp movements during the four-week span.
This level of intervention reflects ongoing efforts by Japanese authorities to stabilize currency markets. The data covers actions taken through the end of last week.
