Japan, US step in to support yen, Tokyo keeps door open for more action

AI Summary

Japan and the United States have intervened in currency markets to stabilize the yen amid volatility, following a joint statement by finance ministers. Japan remains open to further interventions and plans to utilize the Federal Reserve's FIMA Repo Facility amidst economic growth concerns.

Japan and the United States intervened in currency markets to address yen volatility. This joint action followed a September 2025 finance ministers' statement. Tokyo is ready for further intervention if the yen continues to swing. Japan also plans to use the Federal Reserve's FIMA Repo Facility. Economic growth forecasts were cut due to oil prices and a weaker yen.