Japan plans to better manage war chest for yen intervention, draft report shows

Japan’s government plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, a war chest for future yen intervention, according to a draft growth strategy report reviewed by Reuters. 

Why it matters

The plans reflect the government’s desire to boost returns on the reserves and help replenish its tattered finances, as Prime Minister Sanae Takaichi pledges proactive spending to support the world’s fourth-largest economy.