Tokyo teams up with Washington to defend yen

Japan has reaffirmed its willingness to intervene to support the yen and is continuing to coordinate with Washington regarding the foreign exchange market, following the currency's partial recovery from its 40-year lows. This was stated by Finance Minister Satsuki Katayama, who added that the government will respond appropriately when needed to address the yen's weakness, amid the decline of the US dollar and financial market tensions.

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