CNBC·4 min read·hard
U.S. Scott Bessent, Japan confirm intervention
L
Lee Ying Shan
✦AI Summary
The U.S. Treasury and Japan's Finance Ministry have conducted a coordinated intervention to stabilize the Japanese yen. This rare joint action aims to curb excessive volatility and address the currency's significant undervaluation.
Japan's Finance Ministry said Monday it had conducted a coordinated yen-buying operation with the U.S. Treasury on Friday, marking a rare joint move by the two allies to stem sharp swings in the Japanese currency.
economybusiness
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