Politics
Japan Has Spent Billions to Prop Up the Yen. Why Isn’t It Working?
Key Points
Explainer Japan Has Spent Billions to Prop Up the Yen. Why Isn’t It Working? The yen’s weakness has become a growing issue for Japan’s policymakers, given its role in driving up import prices and household living costs.
Explainer
Japan Has Spent Billions to Prop Up the Yen. Why Isn’t It Working?
The yen’s weakness has become a growing issue for Japan’s policymakers, given its role in driving up import prices and household living costs.
Concerns intensified in late April, when the currency slid to its weakest level since July 2024. Authorities responded by spending almost $74 billion — a record amount for a month-long period — to prop up the currency, triggering a sharp rebound.
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