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Japan will announce joint action on yen with U.S. on Monday
... once the stuffing has been knocked out of the blindsided.
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By Tamiyuki Kihara, Makiko Yamazaki, and Leika Kihara
Reuters
Sunday, August 2, 2026
TOKYO -- Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen's slide to 40-year lows, two Japanese government officials told Reuters.
Katayama is likely to stress the two countries' determination to combat what they consider excessive yen declines, said the sources familiar with the matter, on condition of anonymity due to the sensitivity of the issue.
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One source, asked if Katayama would announce "joint action," said yes, adding, "The operation is still ongoing."
The Ministry of Finance could not immediately be reached for comment on Sunday. U.S. Treasury Department officials did not immediately respond to requests for comment. ...
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