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Japan turns hawkish to defend the yen with US help after massive currency intervention
Economy
Published on 11 May 2026
Nearly 10 trillion yen was reportedly spent already
Japan is moving to halt the yen’s slide with a coordinated effort led by a more hawkish Bank of Japan, support from the Finance Ministry, and backing from the United States. Policymakers are increasingly intervening in currency markets, amid fears a weaker yen could stoke inflation. Estimates suggest authorities have spent close to 10 trillion yen buying yen to stabilize the currency.
- Japan is coordinating BOJ and Finance Ministry steps to slow yen depreciation
- Policymakers are adopting a more hawkish stance and intervening more actively
- US backing is part of the strategy to defend the yen
- Spending on yen-buying interventions reportedly nears 10 trillion yen
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times