EconomyJapan-US coordinated intervention took shape after May finance ministers’ meeting
Japan and US monetary authorities last week jointly intervened in the market by buying yen to curb the currency’s historic depreciation. Coordination on the move became substantive during a meeting of the two countries’ finance ministers in Tokyo in mid-May this year. Discussions and preparations then advanced, leading to the coordinated intervention described in the report.
Japan-US coordinated intervention took shape after May finance ministers’ meeting
Economy