Japan's Managed Decline: The Yen Toolkit in 2026
Category: Macro & Portfolio Strategy
Published:
The Ministry of Finance spent a record ¥11.7 trillion buying yen in April and May. The Bank of Japan couldn't raise rates fast enough to matter — so the MoF bought time. Inside the non-rate toolkit and what it means for USD/JPY positioning.
Read the full Icarus Asia research note at https://icarusasia.com/research/boj-yen-toolkit.
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By Icarus Asia — independent strategic advisory and market research on Asian markets.