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الاقتصادية
Japan-US Collaborate to Support Yen
Reports have confirmed that Japan and the United States intend to carry out a joint intervention in the currency markets to halt the yen’s decline to its lowest levels in 40 years, a first since 2011. This comes after Japanese and American authorities conducted coordinated purchases of the yen, with Japan buying approximately $58.97 billion to support the currency, prior to the Bank of Japan’s decision to keep monetary policy unchanged amid expectations of an interest rate hike soon. The aim of this coordination is to address the yen’s depreciation, which has led to rising yields on Japanese government bonds. Such intervention is rare and reflects the governments’ concern over the increasing yields on U.S. Treasury bonds and the deterioration of the Japanese currency.
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