Japan spends over 30 billion to prop up the yen after years long slide

First intervention since 2024—what forced the move

Japan reportedly spent more than $30 billion to support the yen after it hit its weakest level versus the dollar in years. Officials had previously hinted at possible action, and the intervention appears to be Japan’s first since 2024. The goal is to stabilize the currency amid global economic pressures and volatile market conditions.