Japan and US Joint Action to Curb Yen Depreciation, Finance Minister to Announce on Monday

Finance Minister Shunichi Suzuki will announce on Monday that Tokyo and Washington have taken joint action in the currency market to stop the depreciation of the yen. Suzuki is expected to emphasize the determination of both countries to combat excessive yen depreciation. Sources have confirmed that the actions are ongoing. Previously, Japanese and US authorities conducted multiple rounds of yen-buying operations in the market, marking the first such joint intervention since 2011, aimed at boosting the yen from its lowest level against the dollar since 1986.

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