Japan seen earning $13bn from suspected yen interventions

Realized gains on dollar assets could boost surplus tapped for budget

20240509N Yen chart

Many market watchers believe Japan intervened to shore up the weak yen last week. © Reuters

KAZUHIRO OGAWA, Nikkei staff writer

TOKYO -- Japan's suspected yen-buying interventions last week may have yielded an estimated 2 trillion yen ($13 billion) in capital gains, potentially boosting a surplus on its foreign reserve account and fueling debate on how such funds should be used.

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