Japan’s finance ministry revealed that it bought a record 7.98 trillion yen on July 30 to prop up the yen against the U.S. dollar, according to Xinhua and Kyodo News reports released today.
Both Xinhua and Kyodo confirm that the purchase was the largest single‑day intervention in Japan’s history. The ministry’s data further show that the government bought a total of 15.4 trillion yen in interventions carried out on July 30, July 31 and August 3, reinforcing the currency during the July‑September quarter.
The information comes from official finance ministry data and is corroborated by two separate news outlets, Xinhua and Kyodo, which both reported the same figures and dates.
What has not yet been confirmed is the specific policy reasoning behind the magnitude of the intervention, as well as any broader economic strategy linked to the purchase. The sources note the yen‑buying as a response to volatility against the dollar, but they do not detail whether the action is part of a longer‑term plan or a short‑term corrective measure.
