Japan-US yen intervention seen just buying time against Tokyo's loose stance

CurrenciesBOJ may face ramped-up pressure from Washington to hike ratesJapanese Finance Minister Satsuki Katayama, left, and U.S. Treasury Secretary Scott Bessent coordinated to bolster the yen from historic lows. (Source photos by Nikkei)SHUNSUKE USHIGOMEAugust 4, 2026 01:25 JSTTOKYO -- The intervention by Japan and t

The yen surged more than 1 per cent to 155.20 per dollar after the announcement, its strongest since early May

East Asia The rare joint intervention – the first since 2011 - aimed to prevent a selloff in the yen and Japanese government bonds from causing global spillovers. A man walks past an electronic screen displaying a graph showing the current and recent Japanese Yen exchange rate against the US dollar after Japan and the

Japan, U.S. Confirm Joint Yen-Buying Intervention, Signal More Action  HuffPost

Aside from helping Japan as a ally in Asia, the intervention would help the US address concerns over extraordinary weakness in the yen that offsets the boost from Trump's tariffs, analysts say.