TOKYO - Japan intervened in the currency market by spending a record 11.73 trillion yen ($74 billion) over the past month, the Finance Ministry said Friday, providing the first official confirmation of recent efforts to shore up the country's currency amid the Middle East conflict.
The amount surpassed the previous monthly record of 9.79 trillion yen spent over two days in April and May 2024, the data covering the period from April 28 to Wednesday showed. No daily breakdown has been released for the latest intervention.
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