Japan Aims to Support Yen by Strengthening Economy: PM Takaichi

2026-06-05 01:18 By Farida Husna 1 min. read

Japanese Prime Minister Sanae Takaichi on Friday said the government seeks to bolster confidence in the yen by strengthening the economy.

Addressing parliament, she emphasized policies aimed at boosting domestic investment, fortifying supply chains, and raising Japan’s growth potential, noting that greater international competitiveness would help sustain trust in the currency.

Meanwhile, finance minister Satsuki Katayama reiterated that authorities remain ready to act in the forex market if needed and are in close contact with U.S.

officials.

Japan spent over USD 73 billion between April 28 and May 27 to support the yen, its first intervention since 2024, according to Dow Jones Newswires, underscoring concern that further weakness could lift import costs for food and energy, intensifying pressure on households and businesses.



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