TOKYO, Japan — Japanese business executives are calling for greater stability in currency markets as a persistently weak yen raises import costs and makes earnings forecasts and investment decisions more difficult. Their concerns highlight the growing pressure on Japan’s import-dependent economy even as some exporters and companies with overseas earnings benefit from the weaker currency.
टैग: Japanese Yen
Japan, US Confirm Joint Yen-Buying Intervention, Signal Readiness for More Action
Japan and the United States have confirmed that they carried out a coordinated intervention in the foreign exchange market to support the Japanese yen, marking the first joint currency operation between the two countries in more than a decade. Japanese authorities said they remain prepared to intervene again if necessary, underscoring growing concern over the yen’s prolonged weakness and its potential impact on global financial markets.
Scott Bessent’s To-Do List Suggests Possible US Plan to Buy $5–10 Billion in Japanese Yen
A notepad belonging to US Treasury Secretary Scott Bessent has drawn attention after a Reuters photograph captured during a Cabinet meeting at Camp David appeared to show a handwritten reminder about purchasing between $5 billion and $10 billion worth of Japanese yen. The image surfaced as reports emerged that the US Treasury had alerted banks about a possible intervention in the currency market.