Japan and U.S. to Announce Coordinated Yen Intervention Efforts

Finance Minister Kato to confirm joint Tokyo-Washington action to curb yen depreciation, marking the first coordinated intervention since 2011.

Woofun AI reports that Japanese Finance Minister Katsunobu Kato will officially disclose on Monday that Tokyo and Washington have executed coordinated measures in the currency market to arrest the yen's decline. Sources indicate Kato will underscore the shared determination to counter excessive yen weakness, noting that operations remain active. This marks the first such joint intervention since 2011, aimed at supporting the yen after it hit its lowest level against the dollar since 1986.