Japan and US coordinate intervention to support yen

Japan and the United States have conducted a rare coordinated intervention to support the yen, which has fallen to 40-year lows. US President Donald Trump stated that the intervention is a sign of friendship and aims to stabilize the global economy. The Japanese Ministry of Finance confirmed their collaboration with the US Treasury, emphasizing a commitment to address excessive volatility in the yen. This marks the first joint intervention since 2011, with indications of further action if necessary.

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