The government and the Bank of Japan conducted yen-buying intervention in the foreign exchange market this summer for 3 consecutive days spanning a weekend. The amount of intervention on 30 July was approximately ¥8 trillion, setting a new record high.
This summer, with the yen at a roughly 40-year low against the dollar, the government and the Bank of Japan conducted intervention for 3 consecutive days. The intervention was carried out across a weekend and is believed to have been aimed at curbing the yen's decline in response to developments in the foreign exchange market.
The intervention conducted on 30 July amounted to approximately ¥8 trillion for the day, setting a new record high. The intervention was reportedly conducted during periods of high market liquidity.
This summer's intervention has been reported as part of the response to the yen's sharp decline, drawing attention to the continuation of intervention by the government and the Bank of Japan and future market developments.