SignificantEconomyThe Guardian·The Guardian

Why has Trump stepped in to prop up Japan’s currency?

The US, in coordination with Japan's government, has intervened to purchase yen, marking the first such action in nearly three decades to strengthen the currency. This intervention aims to halt the yen's slide towards 40-year lows, which has exacerbated pressure on Japan's economy by increasing the cost of energy and food imports.

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Monday, August 3, 2026 at 12:45 AM EDT

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