Japan Weighs Yen Intervention as Record Tax Revenue Fuels Debate

Japan is keeping the threat of yen intervention alive and says it is in close contact with the United States. The country also reported record tax revenues of 84 trillion yen for fiscal 2025, a 9 trillion yen increase that is raising pressure for givebacks. Meanwhile, Russia is looking to Japan for jet fuel as its oil output plunges, and Iran is exploring oil sales to Japan with buyers seeking longer sanctions waivers. Long-term interest rates have hit a 30-year high, signaling market concern about the government's fiscal stance.