Topic
593 articles
Japan's Finance Minister declined to confirm whether the government intervened in the foreign exchange market on Monday, sparking speculation of potential official action. The silence comes amid significant yen volatility and follows repeated warnings from officials about excessive currency swings.
The US dollar dropped below 156 yen on July 29 after Japan and the US confirmed coordinated intervention to support the yen. Analysts warn the impact may be temporary without further action or Fed policy shifts.
Japan's top currency official said on August 1 that he agrees with the BOJ's stance as markets watch for possible intervention. The comment came amid sharp yen swings and repeated warnings from authorities about taking action against excessive market moves, highlighting close coordination between the Finance Ministry and central bank.
Japan and the United States have for the first time in 15 years jointly intervened in the foreign exchange market to support the yen, with a commitment to take further action if needed. The move comes as the yen's persistent weakness puts pressure on Japan's import-dependent economy.
Japan's paternity leave uptake among men exceeded 50% for the first time in fiscal year 2025, according to official data released Friday. The milestone, achieved well ahead of the government's 2030 target, reflects shifting social norms and effective policy support.
Japanese Prime Minister Sanae Takaichi visited Kumamoto Prefecture on Monday to assess the aftermath of a magnitude 7.1 earthquake that struck nearly a week ago. The trip focuses on improving conditions for evacuees and accelerating infrastructure restoration. At least one death and dozens of injuries have been reported.
Japan and the US have confirmed a rare coordinated intervention to buy the yen, halting its slide to 40-year lows. US President Donald Trump said supporting the yen reflects friendship between the two allies.
US Treasury Secretary Scott Bessent said the US 'strongly' supports Japan's measures to correct the yen's undervaluation, signaling closer policy coordination. The endorsement comes amid persistent yen weakness and market volatility, with investors viewing it as a positive sign for potential joint action.
Japan's economy is strong enough to enable decisive cooperation with the US, according to senior official Katayama. The statement underscores a more proactive Japanese diplomatic stance in the bilateral alliance.
