Japan spent 2.72 trillion yen in October intervening in the currency market, bringing the total amount of funds used for such operations this year to a record 16.2 trillion yen, the Finance Ministry said Friday.

Japan has intervened heavily in the currency market this year to stem the rise in the yen, which could hurt the earnings of the nation’s exporters and derail Japan’s export-led recovery.

The previous full-year record was 7.64 trillion yen, set in 1999.

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