AdvertisementAdvertisementBusinessThe Japanese national flag waves at the Bank of Japan building in Tokyo, Japan March 18, 2024. REUTERS/Kim Kyung-HoonThe Bank of Japan's (BOJ) new board member Toichiro Asada leaves from his inaugural press conference at BOJ headquarters in Tokyo, Japan, April 1, 2026. REUTERS/Issei Kato01 May 2026 05:31PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST TOKYO, May 1 : Japan may have spent as much as 5.48 trillion yen ($35 billion) bolstering its embattled currency, central bank data indicated on Friday, following reports that Tokyo intervened on Thursday to arrest a sharp selloff in the yen.The Bank of Japan's projection for money market conditions on May 7, the next market day after a stretch of domestic holidays, indicated a 9.48 trillion yen net outflow of funds.Major money market firms had forecast a drawdown of between 4 trillion yen and 4.5 trillion yen.Yen-buying activity involves the BOJ soaking up yen from markets, so any outsized shortfalls in funds can offer potential clues as to how much was spent on any intervention.Show MoreShow LessJapan intervened to support the yen against the U.S. dollar on Thursday, sources familiar with the matter told Reuters, in its latest attempt to halt a slide exacerbated by a spike in oil prices linked to the Iran war.Prior to that, Japan's most recent intervention happened in July 2024, when it spent about $36.8 billion to bolster the yen after it sank to a 38-year low of 161.96 per dollar.($1 = 156.5500 yen)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST