Why yen intervention had limited impact: Market doubts over Japan's policy

CurrenciesDeclining confidence in Tokyo's economic agenda keeps currency under pressureCoordinated intervention by Japan and U.S. central banks is proving to have limited effectiveness. (Nikkei montage/source photos by AP)YOSHINARU SAKABEAugust 8, 2026 06:38 JSTTOKYO -- Last week's market intervention by Japan and the U.S. to prop up the yen seems to have had a limited impact in reversing the currency's trajectory, with market observers citing a declining confidence in Tokyo's fiscal and monetary policy.