U.S. Treasury chief’s ‘whatever-it-takes’ vow to help the yen masks limited firepower

🇯🇵 The Japan Times (JP) —

AI Summary

The US Treasury chief pledged a ‘whatever-it-takes’ approach to support the Japanese yen, but market reaction shows limited efficacy as the yen weakened by 1% to past 159 per dollar. The intervention marks ongoing efforts to stabilize Japan's currency amid economic challenges.

Japan's currency slid as much as 1% Monday to past ¥159 per dollar, wiping out half the rally triggered by the July 31 U.S.-Japan intervention.

Politics Markets Japanese yen US Treasury currency intervention exchange rate economic policy

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