Japan likely spent 4 tril. yen in suspected currency intervention in May

TOKYO - Japan likely spent an additional 4 trillion yen ($25.6 billion) to shore up the yen in another suspected market intervention following a yen-buying operation on April 30, a market estimate based on Bank of Japan data showed Thursday.

The latest estimate brings the total size of suspected operations in May and on April 30 to around 10 trillion yen.