Japan and US intervene jointly in currency markets to stabilise yen

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Japan and the United States conducted a joint intervention in currency markets to curb volatility in the yen. The coordinated action followed a statement issued by the two countries' finance ministers in September 2025. Japanese authorities signalled readiness to take additional steps should the yen continue to fluctuate sharply. Tokyo also announced plans to utilise the US Federal Reserve's FIMA Repo Facility as part of its stabilisation efforts. The intervention comes amid downward revisions to Japan's economic growth forecasts, driven by falling oil prices and a weakened currency.

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