05.06.202601:18:54UTC+00Japan Aims to Support Yen by Strengthening Economy: PM Takaichi

Japanese Prime Minister Sanae Takaichi said Friday that her government aims to strengthen confidence in the yen by reinforcing the broader economy. Speaking in parliament, she highlighted policies to stimulate domestic investment, secure and diversify supply chains, and raise Japan’s long‑term growth potential, stressing that improved international competitiveness is essential to maintaining trust in the currency.

Finance Minister Satsuki Katayama, meanwhile, reiterated that authorities stand ready to intervene in the foreign‑exchange market if necessary and remain in close contact with U.S. counterparts. According to Dow Jones Newswires, Japan spent more than USD 73 billion between April 28 and May 27 to support the yen—its first intervention since 2024—reflecting worries that further depreciation could drive up import costs for food and energy, intensifying the strain on households and businesses.