In brief
Finance ministry data shows Japan bought a record 7.98 trillion yen in a single day to prop up the yen against the dollar, with total purchases of 15.4 trillion yen across July‑September. Both Xinhua and Kyodo News reported the figure, citing the ministry’s records, and highlighting the intervention as the largest in the country’s history.
On July 30, the Tokyo Finance Ministry recorded a record foreign‑exchange intervention when the government bought 7.98 trillion yen—about 50.4 billion U.S. dollars—to support the yen against the dollar.
According to Xinhua, the purchase was Japan’s largest single‑day intervention ever, putting the amount in both yen and U.S. dollars and stressing that it was the biggest purchase of its kind in the country’s history.
Kyodo News echoed the figure, noting that the government “stepped in to buy one‑day record 7.98 trillion yen in July” and that the data came from the ministry’s own records.
The ministry’s data also indicate that the total amount of interventions over the July‑September quarter was 15.4 trillion yen, announced on July 30, July 31, and Aug 3, and that the purchases were aimed at shore‑up the yen against the U.S. dollar.
Both outlets report that the intervention was carried out in the foreign‑exchange market, with the purpose of propelling the yen’s value against the dollar.
Finance Ministry officials said the summer intervention was part of Japan’s ongoing efforts to stabilise the yen in response to market fluctuations.
The intervention marks the largest single‑day purchase in Japanese history, according to finance ministry data, and demonstrates the country’s willingness to intervene in the foreign‑exchange market to maintain currency stability.
