The yen-buying intervention on 30 July disclosed by the Ministry of Finance totaled a record ¥7.9756 trillion, bringing the 3-day total to ¥15.3993 trillion. Intervention was also carried out on 31 July and 3 August.
According to the Ministry of Finance, yen-buying, dollar-selling intervention was carried out on 30 July, totaling ¥7.9756 trillion, the largest one-day intervention on record. The 3-day total reached ¥15.3993 trillion. Intervention was also carried out on 31 July and 3 August, making clear that intervention took place on consecutive days.
The yen weakened to nearly ¥164 per dollar in late July, reaching a level not seen for approximately 39 years and 8 months. Intervention was then carried out on 30 July, and reports said Japan and the United States proceeded with coordinated intervention on 31 July. The yen also temporarily moved toward strength on 3 August.
The intervention was carried out covertly, without an accompanying announcement, and the dates and daily amounts were disclosed for the first time in this release. The intervention by the government and the Bank of Japan was the largest since the extended holiday period from late April to early May this year.
Related information includes the use of profits from the Bank of Japan's ETF sales and other fiscal and monetary measures, with attention focused on future exchange-rate developments.