"The US has not confirmed the size of its intervention, but a Reuters photograph of a notepad in front of Bessent during a cabinet meeting on Friday read: "To Do: Buy Japanese Yen $5-10 bil".
Shigeto Nagai, head of Japan economics at Oxford Economics, told the BBC: "The United States agreed to participate in the coordinated intervention because it serves its national interests by offering the prospect of significant benefits at a low cost."
The two countries are expected to continue to intervene "intermittently in a coordinated manner for some time", he added."
Framing: assertive ·
First seen: 2026-08-04 ·
Last seen: 2026-08-04 ·
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