ECONOMYCOVERAGE GAP: LEFT SOURCES ONLY08/03/26
US-Japan Intervene to Support Yen
US and Japan conducted rare joint currency intervention to prop up the weakening yen.
WHAT'S CONFIRMED
- ▸US and Japan took joint action to support the yen currency. — BBC Business, CNBC
- ▸Both countries indicated they would not hesitate to conduct joint interventions in future. — BBC Business, Bloomberg Markets
NOT REPORTED ELSEWHERE
- ▸Washington's intervention was motivated partly by yen weakness driving up import prices and household living costs in Japan. — Bloomberg Markets
- ▸Treasury Secretary Bessent pledged that Japanese currency interventions won't be funded from US government debt sales. — Bloomberg Markets