Record yen intervention in Japan

Japanese authorities splashed a fresh daily record high of 4.513 trillion yen (£36.2bn) on currency intervention last month, official data revealed yesterday. The measures were overseen by then-minister of finance Yoshihiko Noda, who has since been named as the country’s new Prime Minister. The Bank of Japan is believed to have intervened in the currency markets on 4 August, temporarily boosting the dollar against the yen. The official data, released yesterday, does not detail how interventions were made.