Economy
US and Japan Conduct Joint Intervention to Support Yen
Al Jazeera2h
THE BRIEF
1
The United States and Japan confirmed a rare, coordinated yen-buying intervention to halt the Japanese currency's slide to 40-year lows.
2
The yen surged 1.4 percent to 155.20 per US dollar following the announcement, adding to a 3.8 percent gain over the previous two sessions.
3
Tokyo and Washington officials stated they will not hesitate to conduct further joint interventions to counter excessive volatility and disorderly market movements.