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Japan and US Conduct Joint Forex Intervention to Support Yen for First Time Since 2011

Tokyo and Washington coordinated efforts on Friday, August 2nd, 2026, to stabilize the yen amid its decline to a 40-year low against the dollar.

Aug 2, 2026, 4:05 PM Updated Aug 2, 2026, 10:46 PM Nikkei Asia

Japangeography First Time Sinceperson Support Yenperson US Conduct Joint Forex Interventiontopic Japanese Finance Minister Satsuki Katayamageography Treasury Secretary Scott Bessentperson Nikkei Asiaorganization TOKYOgeography USgeography United Statesgeography Akira Kodakaperson Reutersorganization

Satellite image of Japan in May 2003. The islands of Japan are shown clearly off the coast of North and South Korea, China, and Russia in this true-color image. Running down through the islands are a string of mountains that make up part of the Pacific "Ring of Fire." The Ring of Fire is a zone of frequent earthquakes and volcanic eruptions that stretches in a series of arcs from New Zealand, through Indonesia, up through the Philippines, Japan, the Kuril Islands and Kamchatka Peninsula (Russia), across the Pacific Ocean via the Aleutian Islands, and down the coast of the Americas. Seventy-five percent of the world's volcanoes are in this ring, making it the most volcanically-active region on the planet. Also shown in this image are a number of fires, which are marked with red dots. A few fires were detected in Japan, China, and North Korea, but the majority were detected in Russia's Primorskiy-Kray region. This true-color Aqua MODIS image was acquired on May 1, 2003. · Photo by Jeff Schmaltz, MODIS Rapid Response Team, NASA/GSFC · Public domain · Source: wikimedia

Japan and the United States carried out a coordinated foreign exchange intervention on Friday, August 2nd, 2026, to support the weakening yen, government sources confirmed Sunday. This marks the first joint action by the two countries in the currency market since 2011.

Before the intervention, the yen was trading near a 40-year low against the U.S. dollar. The move reflects a rare collaboration between Tokyo and Washington to address currency volatility.

Treasury Secretary Scott Bessent and Japanese Finance Minister Satsuki Katayama were involved in the efforts. The intervention was reported by Nikkei Asia, citing government sources.

Sources also noted that Japan sought "a little bit of help" from the U.S. regarding the yen's decline.

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🇯🇵 Nikkei Asia · Japan

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