Why Did The US Help Japan Prop Up Its Falling Yen? | FP Explains

By Firstpost

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Japan and the United States have now confirmed their first joint currency intervention since 2011, after the yen slid to a 40-year low of nearly 164 to the dollar. Here is how the operation actually worked, and why Washington decided to spend its own reserves defending someone else's currency. --- Japan | Yen | Donald Trump | US | Sanae Takaichi | Bank of Japan Firstpost #us #japan #yen #donaldtrump #sanaetakaichi #bankofjapan #firstpost Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live. https://www.youtube.com/@Firstpost Follow Firstpost on Website: https://www.firstpost.com Follow Firstpost on Instagram: https://www.instagram.com/firstpost/ Follow Firstpost on Facebook: https://www.facebook.com/firstpostin/ Follow Firstpost on X: https://twitter.com/fi

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