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Japan and US confirm rare joint intervention to prop up yen

اقتصاد
Al Jazeera English
2026/08/03 - 01:34 503 مشاهدة
تحليل ذكي | AI Editorial Analysis

Japan and the US have conducted a rare joint intervention to support the yen.

US President Donald Trump stated that the action reflects a sign of friendship between the two countries.

The intervention aims to stabilize the Japanese currency amid economic challenges.

play Live Sign upShow navigation menuNavigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedSportOpinionVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelSponsored Contentplay Live Click here to searchsearchSign upNavigation menucaret-leftDonald TrumpTrump, Netanyahu and the Iran questionHow Iran war fallout may shape US electionsA visual guide to redistrictingcaret-rightEconomy|Business and EconomyJapan and US confirm rare joint intervention to prop up yenUS President Donald Trump says helping to bolster the Japanese currency is a sign of friendship. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoJapanese Finance Minister Satsuki Katayama speaks to the media about the US-Japan joint action at the Finance Ministry in Tokyo [Issei Kato/Reuters]By ReutersPublished On 3 Aug 20263 Aug 2026Japan and the United States have confirmed a rare, coordinated yen-buying intervention to halt the Japanese currency’s slide to 40-year lows, with Tokyo signalling it is willing to take further action if needed. The Japanese Ministry of Finance confirmed the joint intervention after a statement by US President Donald Trump on Sunday announced that Washington was helping to prop up the yen as a sign of friendship and to support the global economy. “They have a weakening yen, and they wanted a little bit of help. And we’re always there for Japan,” Trump said in response to a reporter’s query about why the US is helping to support the currency. Analysts say the intervention underscores both countries’ resolve to prevent global spillovers from a sell-off in the yen and Japanese government bonds, including by adding pressure on already rising US Treasury yields. The dollar fell 0.2 percent to 157.07 yen after Trump’s remarks, well off the 40-year high near 164 yen hit late last month, but it rose back to 157.70 yen after the Japanese Finance Ministry’s statement. Japan has been struggling to curb a relentless drop in its currency that pushes up import prices and stokes broader inflation, hitting household wallets and Prime Minister Sanae Takaichi’s approval ratings. In its statement, Japan’s Finance Ministry said Friday’s yen-buying intervention with the US Treasury Department “countered excessive volatility and disorderly movements in the Japanese yen in recent months”. “The Japanese Ministry of Finance remains attentive and in close communication with our counterparts at the U.S. Treasury,” it added. “We will not hesitate to conduct further joint intervention.” The joint intervention is the first since a 2011 coordinated action to weaken the yen after the devastating earthquake in eastern Japan. Tokyo may have sold as much as $58.97bn to buy yen when it intervened in New York markets on Thursday, Bank of Japan data indicated, before Friday’s confirmed joint intervention with Washington. US Treasury Secretary Scott Bessent also confirmed Friday’s effort, noting on Sunday that Washington “will not hesitate to participate in further joint intervention”. “We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen,” Bessent said in a separate statement on X, repeating his calls for further interest rate hikes by the Bank of Japan. In line with Bessent’s repeated calls for higher Japanese interest rates, the Bank of Japan on Friday offered its most explicit signal to date of an early rate hike, even as it kept monetary policy steady. In a sign of broader policy coordination, South Korea also stepped in to buy its won currency on Thursday. Japan intervened in April and May, buying yen, but the move triggered only a brief rebound. The Bank of Japan’s June rate hike to a 31-year high of 1 percent also gave the struggling currency little lasting boost. Advertisement AboutAboutShow moreAbout UsCode of EthicsTerms and ConditionsEU/EEA Regulatory NoticePrivacy PolicyCookie PolicyCookie PreferencesAccessibility StatementSitemapWork for usConnectConnectShow moreContact UsUser Accounts HelpAdvertise with usStay ConnectedNewslettersChannel FinderTV SchedulePodcastsSubmit a TipPaid Partner ContentOur ChannelsOur ChannelsShow moreAl Jazeera ArabicAl Jazeera EnglishAl Jazeera Investigative UnitAl Jazeera MubasherAl Jazeera DocumentaryAl Jazeera BalkansAJ+Our NetworkOur NetworkShow moreAl Jazeera Centre for StudiesAl Jazeera Media InstituteLearn ArabicAl Jazeera Centre for Public Liberties & Human RightsAl Jazeera ForumAl Jazeera Hotel PartnersFollow Al Jazeera English:
المصدر: Al Jazeera English | Source: Al Jazeera English
💡 لماذا يهمك هذا | Why This Matters

Japan and the US have conducted a rare joint intervention to support the yen.

US President Donald Trump stated that the action reflects a sign of friendship between the two countries.

ملاحظة تحريرية | Editorial Note: نُشر هذا المقال في الأصل بواسطة Al Jazeera English. خبر (Khabr) هي منصة إعلامية أردنية مرخّصة تعمل بالذكاء الاصطناعي. نضيف قيمة تحريرية من خلال: تحليل ذكي للأخبار، ملخصات تلقائية، رواية صوتية بالذكاء الاصطناعي، ترجمة متعددة اللغات، وتدقيق الحقائق. هدفنا جعل الأخبار أكثر وضوحاً وسهولةً للقارئ العربي.

This article was originally published by Al Jazeera English. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.

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المزيد عن اقتصاد | More on Economy

هذا الخبر ضمن تغطية خبر لقسم اقتصاد. نقدّم لك تحليلات ذكية وملخصات يومية لأهم الأخبار من مصادر موثوقة متعددة. المصدر: Al Jazeera English. يوجد 6 مقالات مرتبطة بهذا الموضوع.

This article is part of Khabr's coverage of Economy. We provide AI-powered analysis, summaries, and multi-source aggregation to keep you informed. Source: Al Jazeera English. Tags: yen, Japan, currency intervention.

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