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Japan spends record 15.4 trillion yen to support yen
Japan's Ministry of Finance announced that the government spent a record 15.4 trillion yen (approximately $96.5 billion) on foreign exchange interventions between July 30 and August 26, 2026. This represents the largest monthly volume of yen-buying and dollar-selling in the country's history.
The interventions aimed to curb the historic weakening of the yen, which had approached 164 per US dollar, its lowest level since 1986. On July 31, Japan and the United States conducted a rare coordinated intervention, marking the first joint action of its kind in approximately 28 years. The Bank of Korea also synchronized its won-buying operations with Japan's actions to increase market effectiveness.
US Treasury Secretary Scott Bessent defended the support for the yen, noting that extreme volatility could destabilize global markets and potentially lead to higher interest rates in the United States. Meanwhile, markets are currently pricing in a 65 percent probability of a Bank of Japan interest rate hike in September as policymakers signal a potential acceleration in monetary tightening.
Entities
Bank of Japan · Bank of Korea · Donald Trump · Japan · Ministry of Finance · Ministry of Finance of Japan · Scott Bessent · United States · United States government
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Total yen-buying interventions for 2026 have reached 27.13 trillion yen. www.the-miyanichi.co.jp · www.japantimes.co.jp
- [● 3 SOURCES] The Bank of Korea synchronized won-buying with Japan's intervention to increase effectiveness. www.brasilemfolhas.com.br · www.tportal.hr
- [● 11 SOURCES] The 15.4 trillion yen intervention represents a record monthly volume. www.the-miyanichi.co.jp · asiainfonews.com · www.brasilemfolhas.com.br · www.sozcu.com.tr · paratic.com · +5 more
- [● 11 SOURCES] Japan spent 15.4 trillion yen on foreign exchange interventions between July 30 and August 26. www.the-miyanichi.co.jp · asiainfonews.com · www.brasilemfolhas.com.br · www.sozcu.com.tr · paratic.com · +5 more
- [● 2 SOURCES] Donald Trump described the joint intervention as a 'friendship signal' and beneficial for the global economy. www.sozcu.com.tr · denar.mk
- [● 10 SOURCES] Japan and the United States conducted a coordinated intervention on July 31. www.the-miyanichi.co.jp · www.brasilemfolhas.com.br · www.sozcu.com.tr · paratic.com · www.tportal.hr · +4 more
- [● 9 SOURCES] The yen reached a level near 164 per US dollar before the interventions. www.brasilemfolhas.com.br · www.sozcu.com.tr · paratic.com · www.tportal.hr · news.nextapple.com · +3 more
- [● 4 SOURCES] Markets assign a 65 percent probability to a Bank of Japan interest rate hike in September. www.brasilemfolhas.com.br · paratic.com · www.tportal.hr