22 Hrs
Source:
The Guardian
Trump supports Japan’s currency
The US has intervened to support the yen's value for the first time in nearly 30 years by purchasing billions of dollars' worth of Japanese currency. This coordinated effort with Japan aims to halt the yen's decline, which is harming Japan's economy by increasing import costs amid rising global energy and food prices. The move is also seen as an effort to prevent the sell-off of US government bonds by Japan, which could raise borrowing costs for the US government.
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