The Globe and Mail·4 min read·hard
Japan, U.S. conduct joint yen-buying intervention in efforts to prop up currency
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Makiko Yamazaki and Leika Kihara
✦AI Summary
Japan and the United States have conducted a rare joint intervention to buy yen in an effort to stabilize the currency after it hit 40-year lows. The move aims to prevent global economic spillovers and address volatility in the currency markets.
A woman in front of an electronic screen displaying graphs showing the current and recent Japanese Yen exchange rate against the U.S. dollar after Japan and the United States conducted coordinated yen-buying intervention, in Tokyo, Japan, Aug. 3. Issei Kato/Reuters
economypoliticsworld
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