Japan's Ministry of Finance took action in the foreign exchange market on July 11 and 12, spending a significant amount to support the yen, which had reached a 38-year low against the dollar.

This intervention was in response to the weakening yen, driven by a borrowing cost gap between Japan and the United States.

The goal of the intervention was to stabilize the currency, which had been under pressure from market speculators.

Recent data for the quarter ending in September demonstrates the government's commitment to addressing the volatility of the yen and maintaining economic stability.