Japan spends record $42bn in October to prop up yen ...Qatar

Japan spent a record ¥6.3tn ($42.4bn) in October to counter the yen’s sharp slide against the dollar, as it tried to limit speculative moves adding to pressure on the currency. The finance ministry disclosed on Monday data for the period between September 29 to October 27. Central bank figures and market estimates of money flows with the government had suggested that a suspected intervention on October 21 cost around ¥5.5tn ($37.2bn). Other moments of high volatility including a sharp move on October 24 have kept traders guessing over how often authorities have been operating in the markets and how long they can continue to support the currency. “Japan should still have more than ¥10tn lef

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