Sumitomo Mitsui Financial Group Inc (XMF.BE)

Japan Likely Sold Treasuries to Fund Record Yen Intervention

(Bloomberg) -- Japan’s holdings of foreign securities dropped sharply in May, indicating that the government likely financed most of its recent record currency market intervention by selling Treasuries and other foreign securities and still has ample firepower to step into markets again. Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopVietnam Tycoon Sentenced to Death Faces New Charges: Media