'A new Plaza Accord?' Japan's battle against yen bears enters new phase

U.S. Treasury Secretary Scott Bessent, Japanese Finance Minister Satsuki Katayama and Prime Minister Sanae Takaichi seek to stabilize currency and bond markets that have outgrown unilateral action. (Nikkei montage/Source photos by Reuters, Ken Suzuki and Akira Kodaka) Trading AsiaThe Fed repo facility is one element in a broader campaign to strengthen the yenMITSURU OBEAugust 17, 2026 06:00 JST