Why has Trump stepped in to prop up Japan’s currency?
Source: www.theguardian.com ·
Section: headlines ·
Bias: Center-Left
· Published: Mon, 03 Aug 2026 04:45:51 GMT
The US has bought up yen to strengthen the currency for the first time in almost 30 years, with the moves raising questions about America’s motivesThe US has launched a bid to prop up the value of the yen, marking an extraordinary coordinated intervention with Japan’s government to halt the currency’s fall as it approaches 40-year lows.Japan has been struggling to stop an accelerating slide in the yen, which has been piling pressure on its already flailing economy. Japan is reliant on imports for both energy supplies and food, and a weak yen makes the cost of those imports more expensive for businesses and consumers. Continue reading...
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