Japan’s foreign reserves were recorded by the Ministry of Finance, down to $1.255 trillion at the end of May from $1.265 trillion at the end of April.
The weakness of the Japanese yen has led some market watchers to expect more interventions by the Bank of Japan in the country, where the central bank continues its very lenient policy despite the majority of central banks tightening their monetary policy amid rising inflation.
Last year, Japan’s Ministry of Finance intervened by injecting about $68 billion to support the yen in three different trading sessions: September 22, October 21 and 24, where the currency hit 150 against the dollar, the lowest level since 1990.
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