Japan Spends Record ¥9.8 Trillion to Stabilize Yen

The intervention marks Japan's largest monthly expenditure to counter a 34-year low against the dollar.

The Finance Ministry confirmed spending $62.2 billion from April 26 to May 29.
This surpasses Japan's previous record monthly intervention of ¥9.1 trillion in 2011.
Despite the intervention, the yen remains weak against both the dollar and the euro.
The Bank of Japan's recent interest rate hike has had limited impact on the yen's strength.
Market focus shifts to potential future interventions and their timing.