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U.S. and Japan Intervene in Yen Slide | San Francisco News
Description
The U.S. dollar briefly surged past 163 yen — a 40-year high — before both Washington and Tokyo stepped in to stabilize the market, pulling it back below 160 yen. Japan’s struggling economy feels the pain: a weaker yen spikes import costs and fuels inflation. Past efforts to boost the yen failed, but now the U.S. and Japan are coordinating — with Trump framing it as a gesture of friendship and economic benefit, even tossing in a Pearl Harbor reference. Tokyo’s Finance Minister confirmed joint intervention to calm volatility, and warned they’re ready to act again if markets destabilize.
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