Japan states that it has jointly intervened with the United States of America on the market or on additional operations

On 3 August, the Finance Minister of Japan issued a statement on 3 August stating that Japan had jointly intervened with the United States in the foreign exchange market on 31 July of American Eastern Time, without excluding additional interventions based on market conditions. According to the statement, the joint intervention was based on a joint statement by the finance ministers of Japan and Japan, issued in September 2025, aimed at responding to the recent sharp fluctuations and disruptions in the Japanese yen exchange rate. Japan will continue to maintain close communication with the United States and, if necessary, “will not hesitate to take further coordinated interventions”. With the exception of special times such as the financial crisis and major disasters, joint intervention by Japan and the United States of America in the coffers is extremely rare. According to the Japan Broadcasting Association, this was a 15-year period between Japan and Japan following the joint intervention of the two sides in the market after the 2011 Great East Japan Earthquake. According to the Chief Economist of the Morgan Stanley Portfolio Investment Research Department of Mitsubishi Union, the recent weakness of the yen largely reflects the market’s concerns about Japan’s fiscal expansion and the delay in the central bank’s monetary policy response. Market-exchange interventions are a short-term response, and fiscal and monetary policy adjustments are still needed to stabilize the yen. The yen exchange rate has continued to weaken since this year. At one point in late July, the Japanese yen was close to the United States dollar to 164 yen。