"That would put upward pressure on interest rates in the US, raising the cost of servicing the country’s rapidly growing national debt, which already exceeds $39 trillion.
“The financial cost of intervention for the US is low and, given that President Donald Trump favours a weaker US dollar, the domestic political cost is minimal,” Shigeto Nagai, head of Japan economics at Oxford Economics, wrote in a research briefing on Monday.
“Coordinated intervention is a cost-effective method as it allows the US to do a significant favour for Japan, a precious loyal ally in Asia, and take some pressure off US interest rates."
Framing: assertive ·
First seen: 2026-08-05 ·
Last seen: 2026-08-05 ·
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