Japan Spent $75 Billion Propping Up Its Currency — It Kept Falling

From April 28 to May 27, 2026, Japan spent ¥11.7 trillion ($75 billion) buying its own money, the yen, to push its value up. It didn't work — the yen kept dropping to 40-year lows. Japan then got help from the U.S. Treasury in a joint effort confirmed August 3. The problem: Japan's interest rate sits at 1.0%, far below America's, so investors keep selling yen.