TOKYO, May 29 (Xinhua) -- Japan's government and central bank spent a record 11.73 trillion yen (around 74 billion U.S. dollars) on currency market intervention between April 28 and May 27 in an effort to support the country's currency amid its steep fall against the U.S. dollar, the finance ministry said on Friday.
The ministry did not disclose the specific dates or how many times the interventions were conducted.
The amount topped the previous monthly record of 9.79 trillion yen spent over two days in April and May 2024.
The yen surged to the 155 level against the U.S. dollar from the upper 160 range on April 30, following a yen-buying, dollar-selling operation. The Japanese currency also strengthened sharply on several other occasions during the period.
However, the yen has recently resumed its weakening trend and is trading in the 159 range against the dollar at the time of reporting. ■